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Commodities Briefing - Categorized | Oil, Price Watch more

Crude oil prices increase after rise in demand, Chinese credit action

Posted on 22 January 2014

The price of oil rose Tuesday after China’s central bank injected credit into the financial system to offset concerns about slower economic growth, and experts raised their forecast for global crude demand.
U.S. crude for February delivery rose 18 cents at $94.55 in midday trading on the New York Mercantile Exchange. The February contract expires later Tuesday and most trading has moved to the March contract, which was up 21 cents at $94.80……………………………..Full Article: Source


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