The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

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

Published Thu, Dec 28, 2017 · 09:50 PM
Share this article.

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.

US West Texas Intermediate (WTI) crude futures were at US$59.82 a barrel at 0744 GMT, u…

KEYWORDS IN THIS ARTICLE

China

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here