Oil Prices Firm On Upbeat U.S. Economic Data

– By Jerome Onoja Okojokwu-Idu

Follow us on:

Share

Oil Prices Firm On Upbeat U.S. Economic Data

Oil prices rose for a second session on Friday, buoyed by better than expected U.S. economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand.

Brent futures gained $1.17, or 1.34%, to trade at $88.64 a barrel by 1332 GMT. U.S. crude was up $1.17, or 1.44%, at $82.18 and on track for its highest daily jump in percentage terms for two weeks.

Both benchmarks advanced by more than 1% on Thursday and are heading for a third straight week of gains.

Your subscription could not be saved. Please try again.

Your subscription has been successful.

Newsletter

Get to read our latest stories right in your email

Enter your email address to subscribe

Provide your email address to subscribe. For e.g [email protected]

Show some Love. Share this post

Copyright 2022. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from Majorwaves Energy Report

Oil Prices Firm On Upbeat U.S. Economic Data

Like this:

Related

MER DEC 2024

MER Nov 2024

MER Oct 2024

MER Sept. 2024

MER AUGUST 2024

NOG 2024 EDITION MER