Oil slighly increases to four-month high on OPEC comments

Note: This section contains information in English only.
Source: Bloomberg
Crude oil futures for March settlement were higher by 28 cents to $96.72 a barrel on the New York Mercantile Exchange in Singapore trading session on Tuesday.Trade volume was 40% below the 100-day average. Oil was traded near a highest level in last four months on the signs of economic recovery in the U.S., the biggest oil consumer, and after OPEC statement that prices are unlikely to fall in an upcoming year.

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