YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Oil rose to around a three-week high on Monday, as Saudi Arabia indicated it would continue to continue to curb shipments.
Brent crude was last down 8 cents on the day at $67.23 a barrel, while West Texas Intermediate crude for April delivery slipped 5 cents to $63.50 a barrel after a 3 percent increase last week. Brent rose 4 percent last week.
"There is a bit of a bearish twinge to everything ... but we believe in the second half (of the year), you'll see demand pull the market back up again," Natixis oil analyst Joel Hancock said.
Read more from Reuters.
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