Oil prices climb as US equities rebound

Oil prices climb as US equities rebound

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Oil prices climb as US equities rebound . (Xinhua/Wang Ying/IANS)
New York, March 17 (IANS) Oil prices ended higher as US stocks market rebounded.
The West Texas Intermediate for April delivery on Friday rose $1.15 to settle at $62.34 a barrel on the New York Mercantile Exchange, while Brent crude for May delivery added $1.09 to close at $66.12 a barrel on the London ICE Futures Exchange, Xinhua reported.
US stocks ended higher on Friday as investors meditated on a batch of generally positive economic reports.
Analysts said crude futures have moved in sync with equities consecutively for the past 100 trading days, the longest such stretch in two years.
--IANS
pgh/

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

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