ICBC Global Market: Oil and Other Commodities Market Update - January 5, 2017
Oil prices rose on Wednesday as market bulls were encouraged by positive signs of top oil exporters sticking to agreed output cuts. The front-month in WTI rallied 1.68 percent to $53.35 a barrel. The front-month in Brent crude futures closed up 1.64 percent to $56.47 a barrel. The spread between the two benchmarks stood at $3.12 a barrel.
