Advertisement

Oil prices more than 2%

Oil prices rose more than two per cent on Friday supported by a drop in European inventories and expectations of more OPEC output cuts despite the International Energy Agency reporting demand growth at its lowest since the financial crisis of 2008.
 
Brent crude futures gained $1.31 to $58.69 a barrel while U.S. West Texas Intermediate (WTI) crude futures were up $2.00 to $54.54 a barrel.


comments powered by Disqus
More Stories
Most Popular
Canada issues travel advisory against Jamaica
Bus conductor killed in Spanish town