Oil Rises to New Two-Year High - News Summed Up

Oil Rises to New Two-Year High


Oil prices rose for the third session in a row Friday, as falling stockpiles and expectations for extended supply cuts boosted optimism in the market. Light, sweet crude for January delivery advanced 93 cents, or 1.6%, to $58.95 a barrel on the New York Mercantile Exchange, trading at the highest level since June 2015. Brent, the global benchmark, gained 31 cents, or 0.5%, to $63.86 a barrel.


Source: Wall Street Journal November 24, 2017 11:48 UTC



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