Reuters reported Friday, U.S. crude hit a 17 month high of close, Christmas and New Year holiday week is approaching, light trading market,
But the U.S. crude oil rose only slightly, because the market organization of Petroleum Exporting Countries (OPEC) will oversee the implementation of the production plan and how Libya is expected to increase.
| Gamma Polyglutamic acid Gamma PGA |
Although the United States crude oil closed at a 17 month high on Friday, but the price has not changed much. The oil market closed for the Christmas holiday in advance.
Brent crude futures rose $0.11, or 0.2%, to $55.16 a barrel. U.S. crude oil futures closed up $0.07, or 0.1%, at $53.02, the highest close to July last year.
The United States is a crude oil closed last week hit a 17 month high of only 5 cents higher, rising U.S. crude oil contracts in recent months for sixth consecutive days, this is the longest rally to August.
| Polyglutamic acid |