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Oil Rallies on U.S. Drilling Activity Reduction, Booming Labor Market

12 Mar 2018, 06:37 UTC+00
Oil markets rallied on Monday on the back of a fall in the number of U.S. rigs and as the U.S. economy continued to post solid job gains, which the industry hopes will drive increased fuel demand. U.S. WTI crude futures stood at $62.10 per barrel, 6 cents or 0.1 percent higher. Brent crude futures stood at $65.58 per barrel, 9 cents or 0.1 percent higher from their last...
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