,Brent crude LCOc1 futures settled at US$111.63 a barrel, rising $2.60, or 2.4%. West Texas Intermediate crude (WTI) CLc1settled at $108.43 a barrel, gaining $2.67, or 2.5%. WTI and Brent traded at about 70% and 77%, respectively, of the previous session's volumes ahead of the U.S. Fourth of July holiday.For the week, Brent lost 1.3%, while WTI rose 0.8%. For June, both benchmarks had ended the month lower for the first time since November.新2备用网址（www.hg108.vip）是一个开放新2网址即时比分、新2网址代理最新登录线路、新2网址会员最新登录线路、新2网址代理APP下载、新2网址会员APP下载、新2网址线路APP下载、新2网址电脑版下载、新2网址手机版下载的新2新现金网平台。新2网址登录线路最新、新2皇冠网址更新最快,皇冠体育APP开放皇冠会员注册、皇冠代理开户等业务。
NEW YORK: Oil prices gained more than 2% on Friday as supply outages in Libya and expected shutdowns in Norway outweighed expectations that an economic slowdown could dent demand.
Brent crude LCOc1 futures settled at US$111.63 a barrel, rising $2.60, or 2.4%. West Texas Intermediate crude (WTI) CLc1settled at $108.43 a barrel, gaining $2.67, or 2.5%.
WTI and Brent traded at about 70% and 77%, respectively, of the previous session's volumes ahead of the U.S. Fourth of July holiday.
For the week, Brent lost 1.3%, while WTI rose 0.8%. For June, both benchmarks had ended the month lower for the first time since November.
Prices rose on Friday despite the release of industry data showing U.S manufacturing activity slowed more than expected last month, adding to evidence that the country's economy was cooling as the Federal Reserve tightens monetary policy.
Still, low crude and fuel supplies supported the oil market even as equities slumped and the U.S. dollar, which typically has an inverse relationship with crude, rose.
"The ability of the complex to post a strong advance today in the face of significant U.S. dollar strength and a weak equity trade suggests some refocus on tight oil supplies," Jim Ritterbusch, president of Ritterbusch and Associates LLC, said in a note.
A planned strike among Norwegian oil and gas workers on July 5 could cut the country's overall petroleum output by around 8%, or around 320,000 barrels of oil equivalent per day, unless a last-minute agreement is found over wage demands, a Reuters calculation showed.
Libya's National Oil Corporation on Thursday declared force majeure at the Es Sider and Ras Lanuf ports, as well as the El Feel oilfield. Force majeure is still in effect at the ports of Brega and Zueitina, NOC said.
Production has seen a sharp decline, with daily exports ranging between 365,000 and 409,000 barrels per day, a decrease of 865,000 bpd compared with production in "normal circumstances", NOC said.
The U.S. oil rig count, an early indicator of future output, rose by one to 595 this week, its highest since March 2020, according to energy services firm Baker Hughes Co
Even though the U.S. oil rig count has risen for a record 22 months through June, weekly increases have mostly been in single digits as many companies focus more on returning money to investors and paying down debt rather than boosting output.Allbet Gaming声明:该文看法仅代表作者自己，与阳光在线无关。转载请注明：新2备用网址（www.hg108.vip）_Oil price rises more than 2% as supply outages outweigh recession fears