SINGAPORE: Oil prices pushed higher on Friday, taking Brent to near $70 a barrel as firm US economic data and expectations of a strong rebound in global fuel demand in the third quarter underpinned the market. Brent crude futures for July gained 32 cents, 0.5 percent, to $69.78 a barrel by 0610 GMT while US West Texas Intermediate crude for July was at $67.18 a barrel, up 33
Oil Futures Settle Higher For 5th Straight Session Crude oil prices moved higher on Thursday, extending gains to a fifth straight session, riding on recent data showing a drop in U.S. crude inventories, strong U.S. employment data and amid optimism about increased demand in the U.S. and Europe.
Oil prices drifted down earlier in the day as traders continued to closely follow the developments with regard to negotiations over the Iran nuclear deal.
West Texas Intermediate Crude oil futures for July ended up by $0.64 or about 1% at $66.85 a barrel.
Brent crude futures were up by $0.43 or 0.63% at $69.16 a barrel a little while ago.
Brent crude futures for July gained 16 cents, 0.2%, to $69.62 a barrel by 0050 GMT while U.S. West Texas Intermediate crude for July was at $67.17 a barrel, up 32 cents, or 0.5%.
Read more about Oil prices little changed as Iran concerns offset rosy demand outlook on Business Standard. Brent crude futures for July fell 9 cents, 0.1%, to $69.37 a barrel, while US West Texas Intermediate crude for July was at $66.90 a barrel, up 5 cents, or 0.1%