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Oil Prices Climb, Set For Weekly Gain Ahead of Oil-Producer Gathering
Friday, 21 September 2018 20:08 WIB | ENERGY |Minyak WTIbrent oilOil,Crude Oil

Oil prices rose early Friday, hovering near multiyear highs, ahead of a meeting in Algeria between major producers at which production levels are expected to be discussed in anticipation supply disruptions.

November West Texas crude which became the front-month contract, added 58 cents, or 0.8%, to $70.90 a barrel on the New York Mercantile Exchange. The October contract for the U.S. oil benchmark expired at Thursday™s close. Global benchmark November gained 87 cents, or 1.1%, to reach $79.57 a barrel on ICE Futures Europe.

Source : Marketwatch

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