10.11.2015 - Oil edges up as OPEC sees strong demand next year
Oil futures rose above $47.50 a barrel on Monday as OPEC said it expected global demand to remain strong next year, while weak Chinese trade data and concerns over rising supplies weighed. A weaker dollar further supported oil, with Brent crude for December delivery up 22 cents at $47.64 a barrel by 0905 GMT, after falling more than 4 per cent last week. December US crude gained 12 cents to $44.41 a barrel after falling nearly five per cent last week. Abdullah al-Badri, Secretary-General of the Organization of the Petroleum Exporting Countries, said he expects that the oil market will become more balanced in 2016 as demand continues to grow..............................................Full Article: Source
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