WTI Crude
56.75
Brent Crude
63.15
Natural Gas
3.14

Tell us what you think: Where will oil finish the year?

Written by Cheang Ming at CNBC

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  • U.S. West Texas Intermediate has traded near its highest levels since 2015
  • Morgan Stanley raised its forecast for WTI to $56 a barrel from $48 for the last quarter of the year

Oil has risen more than 8 percent so far this year to trade near its highest levels since 2015.

U.S. West Texas Intermediate and Brent have edged up in recent months on investor confidence over the impact of OPEC-led production cuts on diminishing the supply glut in global markets.

Even though data from Baker Hughes showed U.S. drillers added rigs last week, some analysts have revised upward their projections for where prices are headed.

CLICK HERE TO READ THE ENTIRE ARTICLE BY THE ORIGINAL PUBLISHER


Written by Cheang Ming at CNBC

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