Oil Prices Rise With Expectations Of Increased Global Demand

Dubai – (Massader News)

Oil prices rose Thursday, as Brent crude for November delivery rose by 1% to $ 55.71 a barrel, with expectations of global demand rising, according to a report published by Mubasher.

Nymex crude futures rose by 1.4% to $ 50.01 a barrel.

The International Energy Agency forecast in its monthly report, that world demand in 2017 would rise by 1.6 million barrels.

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