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Oil prices rise on tightening market, traders expect further increases
Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington's plan to impose new sanctions against Iran, with major traders and banks expecting prices to rise over $90 per barrel in coming months.
Brent crude futures LCOc1 were at $79.82 per barrel at 0501 GMT, up by $1.02 cents, or 1.3 percent from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 rose by 82 cents, or 1.2 percent, to $71.60 a barrel.
For More Information Contact Us-9719026661
www.RoyalTraders.co
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Oil prices rise on tightening market, traders expect further increases
Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington's plan to impose new sanctions against Iran, with major traders and banks expecting prices to rise over $90 per barrel in coming months.
Brent crude futures LCOc1 were at $79.82 per barrel at 0501 GMT, up by $1.02 cents, or 1.3 percent from their last close.
U.S. West Texas Intermediate (WTI) crude futures CLc1 rose by 82 cents, or 1.2 percent, to $71.60 a barrel.
For More Information Contact Us-9719026661
www.RoyalTraders.co
Best Accuracy For Royal Traders
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