Recent data showed a ninth straight weekly decline in the number of active U.S. oil-drilling rigs and a report suggested the market will see a “rebalance” of supply and demand by next year.
March West Texas Intermediate crude CLH6, +6.04% settled at $31.48 a barrel, up $1.84, or 6.2%, on the New York Mercantile Exchange. That’s a more than two-week high, based on the front-month contracts.
The March WTI contract expired at Monday’s settlement. April crude CLJ6, -1.35% is now the front-month contract. It rose $1.64, or 5.2%, to settle at $33.39.
April Brent crude LCOJ6, -1.35% on London’s ICE Futures exchange tacked on $1.68, or 5.1%, to end at $34.69 a barrel.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment