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Oil leaps 5 percent as dollar rally stalls, U.S. rigs fall

3 years, 4 months ago
NEW YORK: Crude oil prices jumped almost 5 percent on Friday, their biggest rally in 1-1/2 months, as a steady U.S. dollar and a bigger than expected drop in U.S. oil rigs in operation set off a renewed rush of bullish bets.

Oil prices fall in Asian trade

3 years, 8 months ago
SINGAPORE: Oil prices fell in Asia Friday after enjoying a strong rally in the previous session in response to news that leading petroleum producers are curtailing investment.