Oil prices spike due to OPEC+ expectations, China demand

Oil prices spike due to OPEC+ expectations, China demand

Oil prices rose on Monday on expectations that OPEC+ may keep output stable in February. Also, on a demand uptick coming from China. The price of OPEC basket of 13 crudes stood at $50.24 a barrel on Thursday, Dec. 31, 2020, compared with 50.22 the previous day, according to OPEC Secretariat calculations. Oil prices started...

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