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Oil prices rise after dollar and US stocks fall
19/08/2017
Oil prices closed this week, Saturday, at a 2% rise as the dollar fell and US stocks fell.
US West Texas Intermediate crude futures for September delivery rose $ 1.61 to $ 48.70 a barrel, up 3.42 percent.
Brent crude for October delivery rose $ 1.83 to $ 52.86 a barrel, up 3.59 percent.
OPEC crude rose to $ 48.70 per barrel, up $ 1.06, or 2.4 percent.
Signs of supply contraction began to emerge in the United States, the world's largest oil consumer.
Although US production has risen 13 percent since mid-2016 to 9.5 million bpd, the country's commercial oil inventories fell 13 percent from March's record low below 2016.
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