5 months Oil prices end 1st quarter at 10-year high MB |Biz
SINGAPORE (Reuters) – Oil prices rose on Friday on the back of ongoing OPEC-led supply cuts and US sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009. (Reuters file photo) US West Texas Intermediate (WTI) futures were at $59.68 per barrel at 0559 GMT, up 38 cents, or 0.6 percent, from their last settlement. WTI futures were set to rise for a fourth straight week and were on track to rise 31 percent in the first three months of the year. Brent crude oil futures were up 34 cents, or 0.5 percent, ... more