US Oil prices rose 5%, their biggest advance in three weeks, after the US government reported a surprise draw in domestic crude stockpiles versus market expectations for a new record high.
Crude's front-month contract settled up $1.86 at $37.75 a barrel. It rallied to $37.90 earlier, after falling to $35.24 a day ago, its lowest since March 4. The 5.2% gain was the biggest in a day since March 16.
The front-month in Brent, the European benchmark, settled up $1.97 at $39.84 a barrel. Its session peak was $39.94
GMT 10:29 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 15:06 2017 Sunday ,17 December
Kuwaiti oil price up 70 cents to stand at $59.88 per barrelGMT 18:22 2017 Friday ,15 December
Kuwaiti oil price up 70 cents to stand at $59.14 per barrelGMT 22:57 2017 Tuesday ,21 November
Kuwaiti oil price up US$1.78 to stand at $59.48 per barrelGMT 20:53 2017 Wednesday ,08 November
Oil prices to average $56 a barrel in 2018, up from 2017 averageMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor