Article

2016-03-05 Economy

US oil closes at $35.92, posts 9.5 pct weekly gain

U.S. oil prices rallied again on Friday after a one-day pause, helped by strong U.S. jobs data and technical buying after crude prices breached resistance levels on charts.

Also on Friday, the U.S. oil rig count fell by 8 to a total of 392, oilfield services firm Baker Hughes reported. At this time last year, drillers were operating 922 rigs in U.S. oil fields.

Brent futures rose $1.63 to $38.70 a barrel, while U.S. crude futures settled at $35.92 a barrel, up $1.35, or 3.91 percent for the session. U.S. oil also posted a 9.5 percent weekly gain.

Posted by badanov 2016-03-05 00:00|| || Front Page|| [11131 views ] Top

#1 In my part of the USA, natural gas for cooking & heating homes is the lowest it's been in over 35 years.

Posted by Anguper Hupomosing9418 2016-03-05 00:19|| 2016-03-05 00:19|| Front Page Top

#2 ...Prices jumped almost fifteen cents a gallon earlier this week, but have fallen back five already.

Mike

Posted by Mike Kozlowski 2016-03-05 11:19|| 2016-03-05 11:19|| Front Page Top

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