Prices rise following IEA’s bullish short-term outlook
Crude Oil: $49.31 barrel, Natural gas: 3.112/MMBtu, Gold:$1327.60 per troy oz
LONDON—Oil prices continued to climb Thursday morning, building on solid gains made Wednesday on shrinking global inventories and a bullish forecast for demand.
Brent crude, the global benchmark, was up 0.38%, at $55.37 a barrel in London midmorning trading. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up around 0.51%, at $49.55 a barrel.
The International Energy Agency on Wednesday said… Read more.
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