Crude oil rates continued to rise on the final trading day of the year, regardless of news that Libya’s damaged pipeline will return online in January.
Traders evaluated Baker Hughes data showing the U.S. rig count fell recently, and Canadian rigs dropped sharply.
West Texas Intermediate oil for February ends up 58 cents, or 1%, at $60.42/ bbl. It was very first time oil completed above $60 considering that 2015.
The product has been supplied by InstaForex Company – www.instaforex.com