02 JAN

Oil holds $60 as anti-government protests in Iran provide support

WTI crude oilMarkets Insider

  • West Texas Intermediate crude oil is holding the $ 60 per barrel mark as anti-government protests in Iran provide support.
  • Tuesday’s bid has WTI trading up 0.63% at $ 60.48 a barrel, and at its best level since June 2015.
  • At least 20 people are dead and more than 450 have been detained since the protests began last week, according to the Associated Press.
  • WTI has rallied about 5% since OPEC producers and Russia announced the oil production cuts were extended through 2018.
  • A move above $ 62.58 will have WTI trading at its best level since December 2014.

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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