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Commodities Briefing - Categorized | Oil, Price Watch more

Oil: Price back above $100 on China data, OPEC outlook

Posted on 13 February 2014

The price of oil rose above $100 a barrel Wednesday as OPEC predicted faster growth in oil demand this year and China reported record imports of crude oil. The gains were tempered by an increase in U.S. supplies.
Benchmark U.S. crude for March delivery rose 43 cents to $100.37 a barrel on the New York Mercantile Exchange. Oil rose as high as $101.38 in morning trading………………………………………..Full Article: Source


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