ADVERTISEMENT

Oil approaches US$61 in early Asia trade Friday(Update)


SINGAPORE: Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in North Sea and renewed fears of gas supply disruption in Europe supported prices.

A reduction in rig counts and expectations for better oil demand have helped Brent prices rise by more than 14 percent so far this month from January's close of $52.99.

Oil & Gas , Corporate News

   

ADVERTISEMENT