Oil Gains After IEA Revises Data

12 Aug 2017   Prices

Crude futures turned from losses to gains Friday, recovering from a selloff after the International Energy Agency revised its historical demand figures lower, indicating oil supplies might not be as tight as previously thought. U.S. crude futures rose 23 cents, or 0.47%, to $48.82 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 20 cents, or 0.39%, to $52.10 a barrel on ICE Futures Europe. Oil…

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