10JAN2018 - NEWS - WTI Crude reaches highest level since Dec 2014

Oil prices have shown raising trend since the first week of 2018 due to the supply cut extention by OPEC and other members.  West Texas Intermediate (WTI) settled at $62.96 per barrel up $1.23 after touching the highest level since last three years (Dec 14). Rise in oil prices is also supported by the expectations of decrement in US crude oil inventories.