Oil Prices Rise, Fueled by Advancing Stock Markets - News Summed Up

Oil Prices Rise, Fueled by Advancing Stock Markets


• Oil prices climbed toward a fresh, five-month high Friday as strength in global and U.S. stock markets gave an extra boost to risk appetite in commodity markets. • West Texas Intermediate futures, the U.S. oil benchmark, rose 1.1% to $64.26 a barrel on the New York Mercantile Exchange. WTI has risen the five previous weeks consecutively and is set for a sixth weekly gain, up 2% so far from last Friday’s close.


Source: Wall Street Journal April 12, 2019 13:52 UTC



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