Latest Updates on Crude oil futures
Rising optimism about U.S–China trade talks coupled with (OPEC)-led supply cuts, Crude oil futures closed higher on Friday. In addition, Brent crude oil settled above the key level at USD70-per barrel as traders kept on focused on signals of tightening global supplies. Meanwhile, according to a private data, rise in U.S crude inventories last week, the number of U.S oil rigs advanced this week after falling in the previous six weeks. Benchmark crude oil futures for May rose 1.6% to settle at USD63.08 a barrel. June Brent crude advanced 1.4% to settle at USD70.34 a barrel on Intercontinental Exchange, London. US crude futures rallied in almost 1½years as global supplies strained and positive US economic indicators boosted the demand outlook. For the week, Crude Futures gained 4.9% for the week, WTI for May delivery advanced at USD63.08 a barrel and WTI crude has climbed almost 40% this year Get Nifty Future Tips , Commodity tips, Stock future tips by Best Stock Advisory Service in India. Read the full article