Oil settles above $50 a barrel for first time since June

October 6, 2016 / By Surprise Valley Resources

Crude oil settled above $50 a barrel for the first time since June, pushed higher by solid demand, falling U.S. stockpiles of petroleum products, and OPEC’s promise to cut production. West Texas Intermediate, the U.S. benchmark for oil, settled at $50.44 barrel in New York, continuing a rally that began Sept. 28 when the Organization …
Source: FuelFix