Friday 17 June 2016

Crude prices bounce back after 6 straight losing sessions




U.S. oil futures moved higher on Friday, after six consecutive sessions in the red as a weaker U.S. dollar lent support to the commodity and as concerns over a potential British exit from the European Union, Brexit, temporarily eased.

U.S. crude futures for July delivery jumped 1.43% to $46.87 a barrel, after hitting an one-month low of 45.84 on Thursday.
On the ICE Futures Exchange in London, the August Brent contract rallied 1.91% to $48.09 a barrel, off the previous session's one-month trough of 46.95.


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