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Wednesday, 4 January 2017

Oil prices rise on tighter supply outlook, but strong dollar weighs | Reuters

Oil prices rise on tighter supply outlook, but strong dollar weighs | Reuters:
"Oil rose on Wednesday, with top exporter Saudi Arabia expected to increase prices for its crude as part of planned supply cuts, although a strong dollar and moderate economic growth prospects restricted gains.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $52.50 per barrel at 0747 GMT, up 17 cents from the last settlement.

Brent crude futures LCOc1 were up 21 cents at $55.68 a barrel."

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