Oil poised for five-week high amid Saudi Production Cut

Note: This section contains information in English only.
Source: Bloomberg
Oil reached its fifth weekly gain after Saudi Arabia decreased production and investors speculated the recovery of global economy would increase fuel demand. WTI oil for February settlement dropped 2 cents reaching $93.80 a barrel, while futures climbed to $93.82, up 72 cents, the strongest since September. Meanwhile, Brent for February delivery fell to $111.65 a barrel. 

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