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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price above $100 on China credit growth

Posted on 18 February 2014

The price of oil extended gains above $100 a barrel Monday as a rebound in Chinese credit growth suggested steady demand in one of the world’s largest petroleum consumers.
Benchmark U.S. crude for March delivery was up 47 cents to $100.77 a barrel at 0630 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 5 cents to close at $100.30 a barrel Friday………………………………………..Full Article: Source


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