Tag Archives: heading to $53 on signs of tightening market

Oil prices rise, heading to $53 on signs of tightening market

By Olaolu Oladipo, Lagos with agency reports Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude oil was up 40 cents at 52.06 dollars a barrel by 0715 GMT. United States light crude was 35 cents higher at 47.72 dollars. “U.S. crude oil stocks have been falling consistently in recent ...

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