Oil prices up over 1.5% as the end of the year approaches
Both international and U.S. crude benchmarks were up over 1.5% Tuesday as oil prices continue to rally and 2016 draws to a close. U.S. crude oil prices have surged more than 25% since mid-November following the announcement that OPEC plans to cut production by roughly 1.2 MMBOPD starting January of 2017.

Trading was thin Tuesday following the holiday weekend, with less than one-third of the usual trading volume. The one-month futures contract on WTI was up more than $0.80 per barrel...


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