Oil prices extend gains, climb further from five month lows
Oil prices follow US equities higher on news the US may delay Mexico tariffs
07 June 2019 - 07:37
Tokyo — Oil prices rose more than 1% on Friday, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs that the Organisation of the Petroleum Exporting Countries (Opec) and other producers may extend their supply cuts.
Brent crude futures were up 85c, or 1.4%, at $62.51 a barrel by 3.56am GMT. They gained 1.7% on Thursday...
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