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ICBC Global Market: Oil and Other Commodities Market Update - November 14, 2017

Oil prices held steady Monday as rising U.S. oil rigs and crude production weighed on prices, but high compliance by the OPEC countries showed in its monthly bulletin capped losses. Front-month U.S. West Texas Intermediate crude futures fell 0.30 percent at $56.73 a barrel. Front-month Brent crude futures lost 0.74 percent to $63.13 a barrel. The spread between the two benchmarks stood at $6.40 a barrel.


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