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ICBC Global Market: Crude Oil Market Update - November 20, 2018
On Monday (November 19), oil price rose and fell alternately. Russian energy minister reaffirmed the wait-and-see attitude on the issue of production cut, increasing market concerns about crude oil oversupply and leading to price decline. However, technical buy order pushed at-the-close order up slightly. In recent months, WTI crude oil futures contract closed at 57.17 USD/bbl after a rise of 0.60%. In recent months, Brent cruel oil futures contract closed at 67.01 USD/bbl after a fall of about 0.13%. Its difference from WTI price was 9.84 USD/bbl.