Crude Oil on the Rise

Source: Producer.com, Jan 27, 2023

Crude oil prices went up on Thursday due to higher-than-expected growth for the U.S. economy and signs of increasing Chinese demand. Brent crude oil advanced US$1.42 per barrel to US$87.54. West Texas Intermediate (WTI) gained US$0.97 at US$81.12/barrel. Western Canadian Select (WCS) was up US$0.61/barrel to US$57.68.

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