Friday, April 17, 2015
Brent crude seesaws but heads for 10 percent weekly gain
Brent crude seesawed, while U.S. crude fell on Friday after both contracts rallied to 2015 peaks the previous session, and turmoil in Yemen and the region limited losses. Brent was on pace to post a double-digit percentage gain for the week, a second consecutive rise and the fourth in five weeks, lifted by the conflict in Yemen and the prospect that lower oil prices are starting to curb U.S. shale output. The big percentage jumps for U.S. and Brent crude would be the biggest in several years. Brent June crude was steady at $63.98 a barrel at 1:41 p.m. EDT (1741 GMT), having swung from $62.95 to $64.50 after posting Brent's 2015 high at $64.95 the day before.
from World News Headlines - Yahoo News UK
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