Oil jumps 6 percent, supported by a fall in US stocks and the closure of Keystone ..
Oil jumps 6 percent, supported by a fall in US stocks and the closure of Keystone .. Brent crude touching $ 42 a barrel
April 9, 2016 6:50
NEW YORK (Reuters) - Oil prices jumped more than 6 percent on Friday registered the biggest weekly increase in the month supported by a fall in US crude stocks raised hopes that the glut of global supplies may start to subside.
Crude prices and received support this week from closing line Keystone pipeline, which carries oil to Mrkztzlam US crude futures in Cushing, Oklahoma.
The market also drew support when Russia said that oil production declined as he prepares the key oil producers to meet in Doha on the seventeenth of April to freeze production.
And ended the World London Brent crude contracts for closer trading session high of $ 2.51 or 6.37 percent to maturity are recorded at the settlement of $ 41.94 a barrel, after having exceeded the level of $ 42 earlier in the session.
And stepped up US crude futures to $ 2.46, or 6.60 per cent to settle at 39.72 dollars a barrel.
And end Van Alkiesaan week on gains of about 8 percent is the largest weekly increase since the week ended on the fourth of March.
Government data on Thursday showed that commercial crude stocks in the United States fell about five million barrels last week while analysts' forecasts indicate an increase of 3.2 million barrels.
She said Baker Hughes oil services company on Friday that US energy companies continued to reduce the number of oil rigs for the third consecutive week, which contributes to the support of the fundamentals of the market.