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The crude oil prices are not expected for now thanks to the tensions in Iraq and decreased number of active oil rigs.
Weather conditions, regulations, and power plant expenses can have an impact on energy prices.
The cartel has made some bold steps to reduce the supply glut and force an uptrend in oil prices.
December 13th, 2017 marks a confirmed close in the February 2017 oil contract of 53.94, $0.12 higher than the June 9th high from last year.