(MENAFN- ProactiveInvestors)
Trading in crude oil futures ended a volatile week in positive territory buoyed by waning worries over the potential for a near-term supply boost from Iran.
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.
West Texas Intermediate for May delivery climbed 1.7% to US$51.64 a barrel.
May Brent crude on London’s ICE Futures exchange jumped 1.9% to US$58.78 a barrel.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.