Oil rises above $64 as market seeks new floor

by | November 10, 2017 4:38 pm

Brent oil has gone above sixty four dollars a barrel again as the supply glut in the global market continues to ease. Oil is trading at $64.7 Friday after a Saudi announcement that it plan to cut exports 120,000bpd from December. In the US, oil imports from Saudi recently fell to the lowest weekly level…

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