WTI crude oil extends the 8th day of rally above 80 on speculations for growth in energy demand as US weather remains below-normal.
The February contract surged to as high as 81.16, the highest level since October 26, in European session.
While macro-economic outlook and equity market performance will continue to play a role in driving crude oil price, a stronger emphasis will be placed on fundamentals this year than in 2009.
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