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Oil Set for Third Weekly Gain as OPEC+ Cuts Counter U.S.

Friday, 18 January 2019 08:02 WIB

Minyak WTI Brent Oil,

c_740_198_16777215_00_images_assets_Oil3_00oilindustry.png

Oil is poised for a third weekly gain on optimism that production cuts by OPEC and its allies will offset rising U.S. output.

WTI for Feb. delivery trades at $52.29/bbl on Nymex, +22c, at 9:21am in Tokyo. Contract -24c to $$52.07 on Thursday.

March Brent fell 14c to $61.18/bbl on ICE Futures Europe exchange on Thursday. Brent ended session at $8.82 premium to WTI for the same month.

Source : Bloomberg

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