COMMODITY
Crude oil futures end higher on Friday
Oct-20-2018

Crude oil futures ended higher on Friday on worries about possible impact of US sanctions on Iran’s oil exports on crude supply in the market coupled with potential US-Saudi tensions. Prices also supported by data showing refinery throughput in China rising to a record high of 12.49 million barrels per day in September, after some independent plants restarted operations.  Meanwhile, the US President Donald Trump said that he presumes Khashoggi had likely been killed and that the US response to Saudi Arabia will likely be very severe.

Benchmark crude oil futures for November gained 47 cents or 0.7 percent to settle at $69.12 a barrel on the New York Mercantile Exchange. December Brent crude rose 49 cents or 0.6 percent to settle at $79.78 a barrel on London’s Intercontinental Exchanged.

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