Oil pushed up by deepening OPEC supply cuts, sanctions on Venezuela; By- Commoditypandit.com:

Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports. U.S. West Texas Intermediate (WTI) crude oil futures were at $53.66 per barrel at 0530 GMT, up 56 cents, or 1.1 percent, from their last close. U.S. prices were also Read more about Oil pushed up by deepening OPEC supply cuts, sanctions on Venezuela; By- Commoditypandit.com:[…]

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Oil Prices Fall on Record High U.S. Crude Production; By- Commoditypandit.com:

Oil prices fell on Thursday in Asia after the U.S. Energy Information Administration (EIA) reported that U.S. crude oil production reached a record 11.9 million barrels per day in the week ending Jan. 11, up from 11.7 million bpd a week earlier. The EIA also reported that gasoline inventories rose by 7.5 million barrels, compared Read more about Oil Prices Fall on Record High U.S. Crude Production; By- Commoditypandit.com:[…]

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