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OCTOBER 28,2019
Crude oil rose 4 days in a row, the biggest weekly increase in more than a month
2019-10-28 16:19
On Friday (October 25), Brent crude rose 24 cents to $61.91/bbl, up nearly 4% this week, driven by a decline in US crude inventories, optimism about the trade outlook, and the possibility of OPEC and its allies taking action to extend production cuts, overshadowing broader economic concerns. West Texas Intermediate rose 43 cents, or 0.76%, to $56.66 a barrel, up 5.18% this week. Both recorded their biggest weekly gain in more than a month.
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