Oil remains near multi-year highs as energy supply crunch continues

Oil futures today rose and were near multi-year highs as an energy supply crunch continued across the globe.

Oil futures today rose and were near multi-year highs as an energy supply crunch continued across the globe.

Falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic heating needs.

In intra-day trade, Brent crude was trading around 84 dollars and 30 cents per barrel while WTI crude prices were at 82 dollars and 20 cents per barrel.

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