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Oil closes the week at the highest level
09:50 - 13/01/2018
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Information / Baghdad ..
Oil prices rose for a sixth session in a row after Russian Energy Minister Alexander Novak said world crude supplies had not yet reached full equilibrium, easing market concerns about an early end to an OPEC-led cut-off.
Brent contracts closed at 61 cents, or 0.88 percent, to settle at $ 69.87 a barrel.
US benchmark WTI futures rose 50 cents, or 0.78 percent, to close at $ 64.30 a barrel. On Thursday, US crude hit its strongest level since late 2014 at $ 64.77.
Brent ended the week with gains of 3.3 percent, while US crude jumped 4.7 percent. Ending / 25
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