Crude oil futures made a positive close on Friday, as OPEC producers voted to extend supply cuts through 2018. However, prices came off session highs as financial markets reeled from an ABC News report that added to concerns about President Donald Trump's exposure to a probe into Russian meddling in last year's campaign. Also, there were some concern with Russian officials expressing concern that extending the output cuts might encourage rival US shale firms to pump more crude. Meanwhile oil services firm Baker Hughes reported that the total active US rig count, which includes oil and natural-gas rigs, added 6 to 929.
Benchmark crude oil futures for January delivery ended higher by $0.96 or 1.7 percent at $58.36 a barrel on the New York Mercantile Exchange. Brent crude for February delivery was up by 1.8 percent to $63.73 a barrel on the ICE.
For Share Market Tips Click Here>> https://goo.gl/nBwumR Or Give A Missed Call @ 9713040450 And Get More Stock Tips Click Here And Like This Page >> https://www.facebook.com/capitalliferesearch.
No comments:
Post a Comment