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U.S. WTI crude futures closed up 0.8 percent on Thursday, the highest close in two weeks

 Last Update: 2023-01-01
 Source: Internet
 Author: User

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In the early morning of December 2, Beijing time, the price of U.
S.
WTI crude oil futures closed higher on Thursday and hit the highest closing price
in two weeks.

Oil prices were boosted by signs of an improving outlook for crude oil demand
.
Markets are also watching the meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) this weekend
.

OPEC+ is likely to leave output unchanged
given the improved outlook for crude oil demand, the possibility of the Federal Reserve slowing the pace of interest rate hikes and news that U.
S.
inflation may peak, analysts said.

West Texas Intermediate (WTI) crude for January delivery rose 67 cents, or 0.
8 percent, to settle at $81.
22 a barrel, the highest close since Nov.
17
.

January natural gas futures closed down 2.
77% at $
6.
7380 per million British thermal.

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