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Brent rise again to more than $ 48 a barrel 29 August, 2015
Saturday, 29 August, 2015
Futures contracts for crude oil rose on Friday, to continue to rise after it posted yesterday, the biggest daily gains in six years, supported by recovery in stock markets and news of the decline in the supply of crude supply.
US crude and heading to their first weekly gain in nine weeks to end the longest wave of losses since (1986) and Brent crude is heading for the first weekly gain in two weeks.
Asian stocks continued to rise on Friday after the release of strong US economic data restored calm to the market and Chinese shares rose for a second day after the difficulties encountered at the beginning of the week.
And Brent crude futures for October delivery 69 cents to (48.25) dollars a barrel by the time (0615) GMT. Crude (4.42) at the settlement dollars to reach (47.56) dollars a barrel in the previous session.
US crude rose 65 cents to (43.21) dollars a barrel after it ended the previous session high (3.96) to US $ (42.56) dollars a barrel.
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Saturday, 29 August, 2015
Futures contracts for crude oil rose on Friday, to continue to rise after it posted yesterday, the biggest daily gains in six years, supported by recovery in stock markets and news of the decline in the supply of crude supply.
US crude and heading to their first weekly gain in nine weeks to end the longest wave of losses since (1986) and Brent crude is heading for the first weekly gain in two weeks.
Asian stocks continued to rise on Friday after the release of strong US economic data restored calm to the market and Chinese shares rose for a second day after the difficulties encountered at the beginning of the week.
And Brent crude futures for October delivery 69 cents to (48.25) dollars a barrel by the time (0615) GMT. Crude (4.42) at the settlement dollars to reach (47.56) dollars a barrel in the previous session.
US crude rose 65 cents to (43.21) dollars a barrel after it ended the previous session high (3.96) to US $ (42.56) dollars a barrel.
[You must be registered and logged in to see this link.]
