ICBC Global Market: Oil and Other Commodities Market Update - January 3, 2017
Oil futures rose slightly on Friday as concerns over rising U.S. shale oil production after higher oil rig count in the United States were offset by a weaker dollar. The front-month in WTI rose 0.07 percent to $53.89 a barrel. The front-month in Brent crude futures closed up 1.09 percent to $56.75 a barrel. The spread between the two benchmarks stood at $2.86 a barrel.
