Oil prices rise to settlement to make weekly gains



[ad_1]

Direct: Oil prices rose Friday at the close, after data from US exploration platforms, to make weekly gains.

Baker Hughes revealed a decline in the number of oil rigs in the United States for the fourth consecutive week.

Official data showed that the US economy slowed in the second quarter but exceeded badysts' estimates.

The oil surge comes as Iran's geopolitical tensions accompanied a sharp drop in oil and production inventories in the United States last week.

After settlement, futures contracts on NYMEX crude for September delivery increased 0.3% to $ 56.20 per barrel.

During the week ending today, US crude has grown 0.8% per week.

At 1850 GMT, the Brent benchmark for September shipments increased 0.08% to $ 63.44 per barrel.

[ad_2]
Source link