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US crude rises 31 cents, settling at $63.89, on tightening oil supply


Saturday, 13 April 2019 02:17 WIB

Cadangan Minyak Mentah ASMinyak WTI BerjangkaMinyak Brent


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Oil prices on Friday as involuntary supply cuts from Venezuela and Iran plus conflict in Libya supported perceptions of a tightening crude market, while upbeat Chinese economic data eased concerns about waning crude demand.

U.S. West Texas Intermediate crude futures settled 31 cents higher at $63.89 per barrel on Friday, rising half a percent on the day and posting a 1.3% weekly gain. That marked the sixth straight week of gains for WTI.

Brent crude oil futures rose 96 cents, or 1.4% to $71.79 per barrel around 2:15 p.m. ET, heading for a weekly gain of 2.1%, their third weekly gain in a row.

Source : Reuters


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