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Oil rises
3/19/2016 0:00
[rtl] TOKYO ( Reuters )
touched futures for US crude new highs for 2016 on Thursday, sending the rise of thefifth week in a row by the optimism growing that the top producers Sabermn anagreement to install production while prices also boosted environment of low interest rates.
The increased US crude three cents to $ 40.23 a barrel after It climbed to $ 40.55 ,surpassing the peak recorded last week of $ 40.36 last Thursday. The benchmark crude 4.5 percent to close at $ 40.20 in the previous session.
Rose contract closest to maturity of two years Brent crude to $ 41.56 a barrel and climbed earlier to $ 41.71 in a new high for the year. The crude closed up $ 1.21 at $ 41.54 on Thursday.
And both contracts fell through on Friday, referring to resistance at $ 40[/rtl]
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