On Friday Oil advanced while markets contracted due to production cuts by producer club OPEC. However, growing U.S. supply and global economic retardation limited crude from rising further. The International Brent crude futures went up to $66.57 per barrel and that is about 0.4% increase.
The U.S. West Texas Intermediate (WTI) crude oil futures were up 19 cents, at $57.40 per barrel from their last close.
US GDP drives the greenback up
Daily Analysis - 01/03/2019