Oil Prices Continue OPEC Rally Oil prices edged up Monday, building on last week’s sharp rally brought on by an OPEC deal to cut production.
Brent crude, the global oil benchmark, rose 1.14% to $55.08 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 1.14% at $52.27 a barrel.
Companies world wide are searching for new technology to lower the rising cost of fuel. With the population expected to increase significantly over the next 50 years, CEO's are placing a greater emphasis on environmental technology, Many CEO's would be willing to pay more for positive changes to help the environment.
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