Technology

Oil heads for second week of gains as output cut extension expected

Oil heads for second week of gains as output cut extension expected

A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015.

REUTERS/Nick Oxford

LONDON (Reuters) – Oil prices were heading on Friday for a second week of gains on growing expectations that big crude exporters will extend output cuts to curb a persistent glut in inventories.

Source: http://www.reuters.com/article/us-global-oil-idUSKCN18E06K?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

About the author

admin