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ICBC Global Market: Oil and Other Commodities Market Update - September 30, 2017
 

Oil prices were mixed on Friday as geopolitical instability in Iraqi Kurdistan triggered concerns over crude supply, but reports that Libya will not cut output until its oil production reached 1.25 million barrels per day cast a doubt on the OPEC’s plan. Front-month U.S. West Texas Intermediate crude futures added 0.10 percent at $51.64 a barrel. Front-month Brent crude futures ended down 0.05 percent to $57.51 a barrel. The spread between the two benchmarks stood at $5.87 a barrel. (The update will suspend publishing during October 1-8. The issue on October 9 will introduce the market in the previous trading session.)

Disclaimer: This research report is prepared by the Industrial and Commercial Bank of China Limited ("ICBC") based on public information. Facts and views expressed in the report do not reflect the official opinion of ICBC. ICBC makes every effort to use reliable information, but makes no representation that the information is accurate or complete. ICBC bears no responsibility or liability for any direct or indirect loss arising out of (or claimed to be arising out of) using or reliance upon such information. ICBC owns the copyright of this report. This report may not be reproduced, copied, published, distributed or quoted in any way without the express written consent of ICBC. ICBC reserves the right to investigate and prosecute violations of copyright infringement to the fullest extent of the law.


(2017-09-30)
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