Bullish oil streak propels Brent to strongest third-quarter in 13 years

29 Sep 2017   Prices

Oil edged higher on Friday as tensions around Iraqi Kurdistan threatened the region’s crude supplies, helping Brent prices to their strongest third-quarter performance since 2004. Global benchmark Brent crude LCOc1 was up 24 cents at $57.65 a barrel at 0911 GMT. The contract had reached its highest in more than two years earlier in the week, resulting in a fifth consecutive weekly gain. This performance is Brent’s longest weekly bull run since June 2016. U.S. crude CLc1 traded 14 cents higher at $51.70 a barrel, on track for its strongest third quarter in 10 years and its longest streak of weekly gains since January. Iraq’s Kurds endorsed secession by nine to one in a referendum on Monday that has angered Turkey, the central […]

Comments are closed.