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A combination of OPEC forecasts, the situation in the Middle East and U.S. production contributed to the rise in oil prices
Huitong Financial News, January 18, oil prices rose on Thursday as OPEC expects relatively strong growth in global oil demand in the next two years, the market expects U.S. oil production to be interrupted due to a cold snap, and geopolitical tensions in the Middle East. However, price increases are currently limited as the market takes into account mixed factors.