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Oil records its biggest gain this year
12:59 - 29/07/2017
Oil prices rose to a two-month high and the benchmark crude hit its biggest weekly gain this year as investors continued to digest signs of a drop in supply.
The US government said crude and gasoline inventories in the United States fell sharply above expectations last week. The average crude refining in US refineries was about 17.3 million bpd last week, an increase of 620,000 bpd over the same week in 2016.
Brent crude ended the day at $ 52.52 a barrel, after hitting a two-month high of $ 52.68 earlier in the session.
US benchmark WTI futures rose 67 cents, or 1.37 percent, to settle at $ 49.71 a barrel, after hitting a two-month high of $ 49.78.
The benchmark indexes posted their biggest weekly gai
http://www.almaalomah.com/2017/07/29/179638/
12:59 - 29/07/2017
Oil prices rose to a two-month high and the benchmark crude hit its biggest weekly gain this year as investors continued to digest signs of a drop in supply.
The US government said crude and gasoline inventories in the United States fell sharply above expectations last week. The average crude refining in US refineries was about 17.3 million bpd last week, an increase of 620,000 bpd over the same week in 2016.
Brent crude ended the day at $ 52.52 a barrel, after hitting a two-month high of $ 52.68 earlier in the session.
US benchmark WTI futures rose 67 cents, or 1.37 percent, to settle at $ 49.71 a barrel, after hitting a two-month high of $ 49.78.
The benchmark indexes posted their biggest weekly gai
http://www.almaalomah.com/2017/07/29/179638/
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