Oil prices jumped more than 4% on Friday, rebounding from a four-month low hit in the previous session, according to Reuters.
Browsing: Brent Crude
Oil prices struggled on Wednesday after sliding to their lowest levels in over three months in the previous session, according to Reuters.
Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers Saudi Arabia and Russia extended supply cuts through September, adding to undersupply concerns, Reuters reported.
Oil prices surged on Wednesday, trading near their highest levels since April, according to Reuters.
Oil prices rose on Friday and notched a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant, according to Reuters.
Oil prices settled more than 1% lower on Friday, falling for the third consecutive week, according to Reuters.
The National Oil Corporation (NOC) announced Monday that Libya’s production of crude oil amounted to one 1.220 million barrels on Sunday, with an increase of 1,000 barrels compared to the production of the day before.
Oil prices fell in Asia on Thursday, after rising more than $1 in the previous session, as concerns about supply disruptions eased and markets looked for evidence of improving fuel demand.
Oil rose more than $1 a barrel on Thursday, extending gains from the previous session, supported by improved risk appetite among investors, while falling crude inventories and reviving US gasoline demand supported prices.
Brent crude futures for September settlement fell 67 cents, or 0.7 percent, to $102.53 a barrel, down for a fourth day.