Crude Comfortable at $61 Level
From fxempire.com
With a quiet economic calendar as we approach Christmas, crude prices remain subdued on Tuesday. Currently, West Texas Intermediate crude futures are trading at $60.78, up $0.11 or 0.18%. Brent crude oil futures are trading at $66.86, down $0.10 or 0.15%. Russia to Support OPEC Cuts Faced with signs of a glut of crude in 2020, OPEC, Russia and other producers recently agreed to cut production in order to support oil prices. Historically, adherence by OPEC countries to production-cut agreements has been spotty, as many producers have tried to protect their oil revenue by exceeding their quotas. On Monday, the Russian ...
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