Oil prices jump over 1%, WTI back above $62

Markets 3/16/2018, 4:58 PM
Oil prices jump over 1%, WTI back above $62

Pil prices jumped over 1% on Friday reversing losses from earlier in the session. West Texas Intermediate climbed above $62 per barrel for the first time since the beginning of the week.

There were no clear indications as to what fueled the move, as investors awaited the United States oil rig count due later in the day.

WTI for April delivery surged 1.55% to sell for $62.20 per barrel at 4:45 pm CET and international benchmark Brent for deliveries in May jumped 1.32% to go for $66 per barrel.

Breaking the News / NP


Brent Crude (...+0.61%

Chart for: F BRN 2/19

F WBS+0.48%

Chart for: F WBS 1/19