Crude-oil futures finished a week of wild swings with a gain on Friday, with the U.S. benchmark posting its fourth consecutive weekly advance as fears a nuclear deal with Iran could result in a near-term flood of crude exports faded.Oil futures briefly edged to session highs after oil-services firm Baker Hughes reported another weekly drop in the number of U.S. oil rigs.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in May CLK5, +1.93% rose 85 cents, or 1.7%, to close at $51.64 a barrel. The U.S. benchmark saw a 5.1% weekly rise, and that is after a 6% plunge on Wednesday inspired by another sharp increase in U.S. inventories.
May Brent crude LCOK5, +2.37% on London’s ICE Futures exchange rose $1.30, or 2.3%, to close at $57.87 a barrel, marking a 5.3% weekly rise.
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