Oil Near November 2014 Highs Firm as Markets Tighten Amid OPEC Cuts | Today Commodity Market Outlook 15 MAY 2018.



Bullion - Opens on negative Note Gold -31385-31380 Silver - 40150-40200 

Energy - Opens on mixed Note Crude Oil - 4798-4800 Natural Gas -191.80-192 

Base Metals - Opens on mixed Note Copper -462.50-462.70 Nickel -970-972 Lead -160.70-160.80 Zinc - 207.30-207.35 Aluminium -157.30-157.35




Oil prices held firm on Tuesday as ongoing production cuts by OPEC and looming U.S. sanctions against Iran tightened the market amid strong demand.

Brent crude futures , the international benchmark for oil prices, were at $78.37 per barrel at 0028 GMT, up 14 cents from their last close and not far off a three-and-a-half year high of $78.53 a barrel reached the previous session.

U.S. West Texas Intermediate (WTI) crude futures were at $71.09 a barrel, up 13 cents and also not far off their Nov. 2014 high of $71.89 a barrel reached last week.

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