SINGAPORE – Oil prices rose in Asian trading Friday, rebounding from a midweek drop triggered by figures showing a surge in US distillate supplies.
Light, sweet crude for November delivery was at US$61,82 a barrel. Crude oil futures have plummeted more than 20 per cent over the past two months as worries have eased about supply threats and signs of economic weakness in the US could point to softening energy demand.Crude oil futures have plummeted more than 20 per cent over the past two months as worries have eased about supply threats and signs of economic weakness in the US could point to softening energy demand.
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!