Oil prices rise on output cut outlook
Xinhua, February 18, 2017 Adjust font size:
Oil prices rose on Friday as investors continued to digest reports of possible output cut deal extension among world major oil producers.
The West Texas Intermediate for March Delivery added 0.04 dollars to settle at 53.40 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery increased 0.16 dollars to close at 55.81 dollars a barrel on the London ICE Futures Exchange. Enditem