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Crude Futures On Track For Weekly & Monthly Gain


Oil is higher again on Friday, on track for a sixth straight day of gains and upside of almost 6% this week and over 7.5% on the month, the fifth gain in the last six months. WTI is $0.38 up from settlement levels at $67.23/bbl, while Brent is up $0.18 at $69.64/bbl. The benchmarks are slightly below yesterday's highs which denoted the highest in two years. Markets look ahead to the OPEC_ meeting next week, and the outcome of negotiations between Iran and world powers which could result in an increase in Iranian supply.

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