daily “eleven” after the international crude oil prices rebound in the market sentiment, the domestic commodity prices as a whole to rally, which PTA in the national day after the first day of trading climbed, then continue to rebound trend, the spot center is also rising.
Crude oil prices continued to rebound in the unstable foundation
Although the U.S. dollar and the number of drilling for continued growth in oil prices caused by the downward pressure, but the organization of Petroleum Exporting Countries (OPEC) to discuss with Russia on the eve of good news on the limited production possible makes oil prices recently showing concussion.
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At present, OPEC production agreement is still facing many obstacles, Russia still actively participate in OPEC to discuss production agreement, but refused to stand in production; Iraq following the earlier question on its yield assessment, and expressed support for the OPEC policy, but do not accept their sacrifice for the premise and on the limited production rules has been reached. OPEC and OPEC and non OPEC on the limited production still has some differences led to limited production prospects remain uncertain. It is expected that the recent oil prices will remain rangebound trend.
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