OIL HITS 18-MONTH HIGHS
Oil prices are at a new 18-month high as as energy traders predict significant supply cut by OPEC members.
At 12:59 GMT, WTI Crude Oil (CL) was trading at $55.00 per barrel (adding 1.93% since previous session).
Sunday, January 1st marked the official start of a deal agreed by the Organization of the Petroleum Exporting Countries and other major crude exporters such as Russia to reduce output by almost 1.8 million barrels per day.
If you think crude oil will continue to go up open a BUY position, or if you think it will go down, open a SELL position.
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For General Information only. Not intended to provide Trading or Investment Advice.
Your Capital is at Risk. Losses can Exceed Deposits.
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