Oil ends higher, with Venezuela turmoil, OPEC output cuts feeding a weekly gain
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West Texas Intermediate crude oil for March delivery US:CLG9 rose $1.47, or 2.7%, to settle at $55.26 a barrel on the New York Mercantile Exchange. Prices tracking the front-month contracts logged for their highest finish since Nov. 19, after finishing January with a monthly rise of 18.5%, according to Dow Jones Market Data. For the week, they were up 2.9%.
April Brent LCOJ9, gained $1.91, or 3.1%, to $62.75 a barrel on ICE Futures Europe. Prices based on the front-month contracts gained 15% for last month and were 1.8% higher for the week.
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https://www.marketwatch.com/story/us-oil...2019-02-01
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West Texas Intermediate crude oil for March delivery US:CLG9 rose $1.47, or 2.7%, to settle at $55.26 a barrel on the New York Mercantile Exchange. Prices tracking the front-month contracts logged for their highest finish since Nov. 19, after finishing January with a monthly rise of 18.5%, according to Dow Jones Market Data. For the week, they were up 2.9%.
April Brent LCOJ9, gained $1.91, or 3.1%, to $62.75 a barrel on ICE Futures Europe. Prices based on the front-month contracts gained 15% for last month and were 1.8% higher for the week.
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https://www.marketwatch.com/story/us-oil...2019-02-01
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