Oil Prices Notch Fifth Day of Gains
Oil prices rose for a fifth straight day Friday, as the U.S. dollar weakned and investors focused on signs of an easing supply overhang.
U.S. crude futures settled up 46 cents, or 1%, to $46.54 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 49 cents, or 1.01% to $48.91 on ICE Futures Europe.
U.S. crude futures ended the week up 5.22%. They have been climbing in recent days as investors have been encouraged by recent data showing large weekly declines in U.S. oil stockpiles.
--News from www.sinopecnews.com.cn
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