Oil rose towards $58 a barrel on Friday, boosted this week by colder weather and declining distillate supplies in the United States, the world's top oil consumer.
Also supporting prices, oil unions in Nigeria, the world's eighth-largest exporter, considered whether to call a strike and the latest deal by OPEC oil exporters to lower supplies took effect on Thursday.
U.S. crude rose 31 cents to $57.61 a barrel by 0947 GMT. London Brent crude moved 37 cents higher at $57.09.
Read more at Reuters South Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment