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Oil prices are rising

Petar in Oil (General)

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Petar    + 76

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The announcement about oil workers strike in Nigeria and China's demand (crude oil imports rose to 9.01 million bpd) are the main reasons for a slight increase of oil prices in market ( 1%)  On the other hand, U.S. crude output had risen 25,000 bpd to 9.71 million bpd in the first week of December. And, this is the highest production in last 47 years, according to U.S. Energy Information Administration.

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