Oil Marks Highest Finish Since November, With U.S. Prices Up 6 Sessions in a Row
Thursday, 21 February 2019 03:54 WIB |
ENERGY |Minyak WTIbrent oilOil,Crude Oil
Oil futures marked their highest finish in three months on Wednesday, with U.S. benchmark prices extending their streak of gains to a sixth consecutive session, as signs of tighter global crude supplies outweigh pressure from a continued rise in U.S. production.
March WTI crude oil tacked on 83 cents, or 1.5%, to settle at $56.92 a barrel. That was the highest finish for a front-month contract since Nov. 12, according to Dow Jones Market Data. The March contract expired at Wednesday™s settlement. The new front-month contract, April WTI settled at $57.16, up 71 cents, or 1.3%.
April Brent rose 63 cents, or about 1%, to $67.08 a barrel on the ICE Futures Europe, after trading as low as $65.63. It fell Tuesday, snapping a five-day winning streak.
Source : Marketwatch