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Oil prices near mid-2015 highs on strong China data, tighter 2018 outlook

Market poised to make further gains; regional chaos and disorder could underpin prices

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Published Thu, Dec 28, 2017 · 09:50 PM

    Singapore

    OIL prices rose on Thursday, lifted by strong data from top importer China amid thin trading activity ahead of the New Year weekend.

    Heading into 2018, traders said market conditions were relatively tight due to ongoing supply cuts led by the Middle East-dominated Organization of the Petroleum Exporting Countries (Opec), as well as top producer Russia.

    Oil pricesChina

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