Oil prices extend gains after U.S. oil rigs fall

Pubdate:2017-11-07 10:33 Source:xinhua Click:

NEW YORK, Nov. 3 (Xinhua) -- Oil prices kept rising on Friday after the U.S. oil rig count decreased to the lowest level since May.

The West Texas Intermediate for December delivery increased 1.10 U.S. dollars to settle at 55.64 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery jumped 1.45 dollars to close at 62.07 dollars a barrel on the London ICE Futures Exchange.