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Christmas weekend: Oil prices stead

Tuesday, 20 December 2016

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SINGAPORE: Oil prices moved very little on Tuesday, with liquidity fading in the run-up to the Christmas weekend.

U.S. West Texas Intermediate (WTI) crude oil futures were trading at $52.11 per barrel at 0035 GMT, virtually unchanged from their last settlement.

International Brent crude oil futures were yet to trade.

Traders and analysts said there were no fundamentals available to drive large price swings, and that markets would likely remain tepid this week.

Source by: Internet

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