Arab Today, arab today oil prices rally above 31 a barrel on new york mercantile exchange
Last Updated : GMT 15:59:42
Arab Today, arab today
Arab Today, arab today

Oil prices rally above $31 a barrel on New York Mercantile Exchange

Arab Today, arab today

Arab Today, arab today Oil prices rally above $31 a barrel on New York Mercantile Exchange

Oil prices rally above $31 a barrel on New York Mercantile Exchange
New York - MENA

Oil prices rallied above $31 a barrel on Friday as investors hunted for bargains after a volatile week and bet that fresh stimulus measures by major central banks would improve demand for the beleaguered commodity, the Wall Street Journal reported.

Oil was also boosted by cold weather on both sides of the Atlantic, which is fueling hopes of improving demand for heating oil.

Sweet crude for February delivery recently rose $1.82, or 6.20% to $31.38 a barrel on the New York Mercantile Exchange.

 

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