U.S. oil prices closed above $60 a barrel on the final trading day of the year, the first time since mid-2015, as the commodity ended 2017 with a 12 percent gain spurred by strong demand and declining global inventories. International benchmark Brent crude futures ended the year with a 17 percent rise, supported by ongoing supply cuts by top producers OPEC and Russia as well as strong demand from China. The spread between the benchmarks widened throughout the year, as Brent responded to the draw-down in supply from major world producers while U.S. output continued to grow.
Get Daily Trading Tips And Recommendation So Click Here >> https://goo.gl/nBwumR Or Give A Missed Call @ 9713040450 And More Indian Stock Market Tips For Like This Page >> https://www.facebook.com/capitalliferesearch.
No comments:
Post a Comment