Brent crude rises above $32 on hopes of oil output deal
Share:
LONDON (Reuters) - Benchmark Brent crude oil futures rose as high as $33.37 a barrel on Friday on rising hopes of a new global deal to cut global crude supply.Brent crude futures were up 8.9%, or $2.67, at $32.61 a barrel by 1134 GMT. Brent soared as much as 47% on Thursday for its highest intraday percentage gain on record. It closed 21% up, still about half the $66 at which it was trading at the end of 2019. U.S. West Texas Intermediate (WTI) crude also returned to positive territory, rising..