Monday’s oil price surge, which saw West Texas Intermediate jump 6.87% to $48.69/barrel and Brent 5.42% to $49.33/barrel, continued on Tuesday morning.Rising oil prices saw Sasol close 2.59% higher at R377.50 and Standard Bank’s West Texas Intermediate price tracking exchange-traded note 1.11% at R10.05 on Monday.Brent crude was trading 0.68% higher at $49.33/barrel and West Texas Intermediate 0.75% higher at $48.66/barrel on Tuesday morning.International oil prices have risen for three days ahead of an Organization of Petroleum Exporting Countries (Opec) in Vienna on November 30.Asian markets trading ahead of the JSE’s opening took their cue from Wall Street whose three main indices closed at fresh records on Monday. The Nasdaq index gained 0.89% to 5,368.86 points, the S&P 500 gained 0.75% to 2,198.18 points, and the Dow Jones Industrial 0.47% to 18,956.69 points.Hong Kong’s Hang Seng index was 1.3% stronger and the Shanghai composite index 0.7% stronger ahead of the JSE’s opening...
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