Brent crude prices consolidated recent gains at around $70 a barrel on Tuesday, a level not seen since 2014’s dramatic oil market slump. Prices have been driven up by production curbs in OPEC nations and Russia, as well by robust demand on the back of healthy global economic growth. Brent crude futures LCOc1, the international benchmark for oil prices, dipped 25 cents, or 0.36 percent, to $70.01 per barrel on Tuesday from the previous day’s close. But traders said Brent was well supported overall around this level. For More Information About Commodity Market Tips Please Visit : www.paceresearchindia.com and Call : 8817774774Monday, 15 January 2018
Oil Prices Near Three-Year Highs, Supported By Healthy Demand
Brent crude prices consolidated recent gains at around $70 a barrel on Tuesday, a level not seen since 2014’s dramatic oil market slump. Prices have been driven up by production curbs in OPEC nations and Russia, as well by robust demand on the back of healthy global economic growth. Brent crude futures LCOc1, the international benchmark for oil prices, dipped 25 cents, or 0.36 percent, to $70.01 per barrel on Tuesday from the previous day’s close. But traders said Brent was well supported overall around this level. For More Information About Commodity Market Tips Please Visit : www.paceresearchindia.com and Call : 8817774774
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