Analysts, however, cautioned against the sustainability of the recent price rally.
June West Texas Intermediate crude CLM6, +1.32% rose 55 cents, or 1.3%, to settle at $43.73 a barrel on the New York Mercantile Exchange. The June contract saw a weekly gain of roughly 4.8%, but based on the most-active contracts, prices rose about 8.3% for the week, according to FactSet data. The May contract expired Wednesday.
June Brent crude LCOM6, +1.41% climbed 58 cents, or 1.3%, to $45.11 a barrel on London’s ICE Futures exchange, with prices logging a weekly gain of 4.7%.
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