WTI Crudeoil Prices Traded Higher By 0.8 Percent

WTI Crudeoil Prices Traded Higher By 0.8 Percent

Gold Silver Reports – WTI oil prices traded higher by 0.8 percent to close at $34.7 per barrel on Wednesday as Reuters reported that Saudi Arabia had reached out to banks to raise the possibility of arranging a loan for the country, a potential sign that continued low oil prices are weighing on its finances.

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Crude Oil Bend Supplies to The United States and Asia

Crude Oil Bend Supplies to The United States and Asia

Gold Silver Reports – As Venezuela grows closer to exhausting nearly every means of paying its debt, some oil market participants are seriously pondering the possible implications of an unprecedented event: the default of a major crude producing company.

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