Post Tagged with: "weekly gain"

Source: Reuters

Oil rises above $55, set for weekly gain on Saudi output cut


LONDON – Oil prices hit 11-month highs and were on track for a weekly gain on Friday, supported by Saudi Arabia’s pledge to cut output and a global stocks rally as investors looked beyond rising coronavirus cases.

Brent crude …

Source: CNBC

Oil prices rise, on pace for more than 30% gain this week


Oil jumped more on Thursday and was on track for its second best week in history as a number of bullish factors supported prices, including U.S. companies cutting production, Saudi Arabia raising its official oil selling price and gasoline …