Oil Prices Set For Weekly Gains As Demand Outlook Brightens

Oil prices were lower on thin trading on Friday but on course for weekly gains, the third in a row in the case of Brent, as the clean-up after hurricanes in the United States gathered pace and the outlook for demand took on a firmer tone. U.S. West Texas Intermediate crude was down 21 cents, or 0.4 percent, at $49.68 a barrel at 0302 GMT. It briefly broke above $50 on Thursday, hitting a four-month high, and finished 1.2 percent higher at $49.89, its highest close since July 31. Brent crude futures were down 29 cents, or 0.5 percent, at $55.18 a barrel. They gained 0.6 percent to settle at $55.47 the previous session, the highest close since April 13.

For More Information >> Equity Trading Tips >> Missed Call This Number >> 96444-05056.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.