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Indonesia: Oil Prices Soar as Gasoline Supply Plunges
Indonesia: Oil Prices Soar as Gasoline Supply Plunges
THURSDAY, 04 AUGUST, 2016 – Global oil prices rebounded to end Wednesday’s trade, or Thursday morning Indonesia time, with high profits after the U.S. release of fuel oil consumption revealed to be higher than what the market expected.
Analysts believe that investors who buy oil when prices are down also contributed to the price hike.
The West Texas Intermediate (WTI) price Read More?