: U.S. oil futures log longest streak of session gains since February

0
11

Oil futures tallied a sixth straight session climb on Thursday, their longest streak of gains since February. Prices extended their gains after posting a loss last week, “helped by the weakness in the U.S. dollar and optimism that a more benign inflation outlook will help to mitigate concerns over a sharp slowdown in the coming months,” said Michael Hewson, chief market analyst at CMC Markets UK. The U.S. benchmark WTI crude for February delivery CLG23, +0.05% rose 98 cents, or 1.3%, to settle at $78.39 a barrel on the New York Mercantile Exchange.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleThe Wall Street Journal: Southwest seeks to revamp scheduling system after holiday meltdown, CEO says
Next articleU.S. Atty. Gen. Merrick Garland to make public statement at 1:15 p.m. Eastern

LEAVE A REPLY

Please enter your comment!
Please enter your name here