OIL EDGES HIGHER AS TRADERS EYE PRODUCER TALKS ON EXTENDING SUPPLY CUTS…LIVE NEWS UPDATE BY ROYAL TRADERS

LATEST CRUDE OIL UPDATE !!!!

Oil prices nudged higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts.

Brent crude futures were up 20 cents, or 0.5%, at $40.19 a barrel as of 0419 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 8 cents, or 0.2%, to $37.49 a barrel.

Brent has risen about 14% this week, while WTI is up nearly 6%, leaving benchmarks on track for a sixth week of gains. The surge was triggered by the output cuts amid signs of improving fuel demand as countries begin to ease lockdowns they had imposed to prevent the spread of the new coronavirus.

ROYALTRADERS
Call@9719026661
https://api.whatsapp.com/send?phone=919720003255
www.RoyalTraders.co
Best Accuracy For Royal Traders

Leave a Reply

Your email address will not be published. Required fields are marked *