WTI crude oil opened significantly higher by 4.27% to US$33.7 per barrel on Nymex Friday (Jan 28), while Brent crude soared by 4.6% to US$34.6 per barrel as investors started to speculate on production cuts by major producers. Shares of energy companies were also targets of speculation. Shell advanced 3.8%, while ConocoPhillips jumped 6.4%.To subscribe please click here
