Oil Is Settling Above $ 56 A Barrel

On January 14, 2021

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The Independent / – Oil prices ended higher trading Thursday, supported by the stability of oil demand.

The Organization of Petroleum Exporting Countries (OPEC) kept its estimates of oil demand in the current year unchanged, so that the estimates point to a growth in demand for crude by about 5.9 million barrels per day, to record 95.91 million barrels.

The price of futures contracts for “Brent” crude, benchmark for delivery in March, rose 0.6%, or 36 cents, to record $ 56.42 a barrel upon settlement.

The price of the US “Nymex” crude contract for delivery in February rose by 1.3%, equivalent to 66 cents, to reach $ 53.57 a barrel.

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