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Tuesday, 3 January 2017

Crude oil price surges as Opec cuts kick in

Crude oil price surges as Opec cuts kick in:

"The only way is up for oil.

Global oil prices are surging at the start of the year, eyeing $60 a barrel for the first time in over 18 months, gaining further momentum on the back of a landmark production cut between the world’s major producers.

Brent crude has gained $1.36 today, rising 2.3 per cent to hit $58.18, while West Texas Intermediate, the US benchmark, hit $55 for the first time since July 2015."



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