Crude prices up over 2% on rising U.S. oil demand and lower output

Crude prices up over 2% on rising U.S. oil demand and lower output
# 29 April 2023 10:15 (UTC +04:00)

Oil prices mostly rose over 2% on Friday after energy firms posted positive earnings and U.S. data showed crude output was declining while fuel demand was growing, APA-Economics reports citing Zawya.

On its last day as the front-month, Brent futures for June delivery rose $1.17, or 1.5%, to settle at $79.54 a barrel, while the more actively traded July contract jumped 2.7% to settle at $80.33.

U.S. West Texas Intermediate (WTI) crude rose $2.02, or 2.7%, to settle at $76.78.

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