CRUDE OIL PRICE DEMAND BY SHREEMCX

Oil prices edged up today lifted by tensions in the Middle East and healthy
demand, although rising U.S. output continued to weigh on markets.

Brent crude futures LCOc1 were at $67.56 per barrel, up 14 cents, or 0.2 percent.

Analysts also pointed to the nomination of Mike Pompeo as new U.S. Secretary of State as
a risk to oil markets, given he fiercely opposed the 2015 pact as a member of Congress.

Healthy demand also supports crude prices.

 

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