Friday, 4 September 2015

Crude Inches Up, Despite Few Developments In Putin-Maduro Meeting

U.S. crude futures inched up in spite of a stronger dollar on Thursday, even as Russian and Venezuelan leaders accomplished little headway in crafting a strategy to boost crashing oil prices.
On the New York Mercantile Exchange, WTI crude for October delivery traded in a broad range between $45.67 and $48.42 a barrel before closing at $46.74, up 0.48 or 1.05% on the session.
It marked the fifth time U.S. crude futures closed higher over the last seven sessions.

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