Oil prices rise 1% on supply worries - Breaking The News

Oil prices rise 1% on supply worries

18 August

1 min read

EPA-EFE/RONALD WITTEK

Crude futures climbed by 1% on Friday after the latest report by Baker Hughes showed that the number of active rigs drilling for oil in the United States declined in the week ending August 18.

At 1:27 pm ET, West Texas Intermediate for September contracts jumped 1.33% to sell at $81.43 a barrel. At the same time, Brent for October settlements added 1.01% to $84.92 per barrel.

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