NEW YORK (Reuters) - Oil prices rose more than 2% on Friday supported by a drop in European inventories and expectations of more OPEC output cuts despite the International Energy Agency reporting demand growth at its lowest since the financial crisis of 2008.
WTI is up 4.2% today as of the time of this post 1:50 PM ET.
Oil Price - Aug 9
Oil Price - Aug 9
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group