Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By MTECHTIPS
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

MTECHTIPS:-Crude Oil Prices Settle Near 3-Year Highs as Rally Continues

Friday, January 12, 2018 4:23

% of readers think this story is Fact. Add your two cents.

MTECHTIPS:-Crude Oil Prices Settle Near 3-Year Highs as Rally Continues

MTECHTIPS- Crude oil prices settled near three-year highs on Thursday amid expectations that global oil demand growth and ongoing OPEC cuts would continue to reduce excess supplies. On the New York Mercantile Exchange crude futures for January delivery rose 0.36% to settle at $63.80 a barrel, while on London’s Intercontinental Exchange, Brent gained 0.12% to trade at $69.30 a barrel. Brent crude hit a three-year high intraday rising above $70 a barrel. The rally in oil prices continued unabated amid investor optimism that key factors supporting the late-2017 rally such as strong OPEC compliance, and bullish oil demand growth amid rising global economic growth would offset the expected ramp up in non-OPEC output. “Everyone is committed and everyone is benefiting from this [output cut] agreement, and I have no doubt that we will continue a year of compliance in 2018,” said United Arab Emirates Energy Minister Goldman Sachs noted recently that markets are dealing with “two offsetting dynamics” as stronger economic growth has fuelled oil demand, boosting oil prices, but that tends to attract a ramp up in shale output which could cap long-term oil prices. Also supporting oil prices was Wednesday’s bullish inventories data showing an unexpected drop in US production and larger than expected draw in US crude oil supplies

MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips

WWW.MTECHTIPS.COM

07489294118-119

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,600,076,091
Stories:	8,141,155