Crude oil futures have gained the biggest one-day rally in more than six years on Friday amid news of diminished crude supplies and recovering equity markets. This is the first weekly gains in past eleven weeks on US crude CLc1 futures, ending the losing streak since 1986. However, the commodity […]

The US oil prices continued their downward flow on Friday for the 8th consecutive week of decline following weak Chinese manufacturing data. This is the longest losing streak in past 29 years, leading to worries for global economic growth. China is the second-biggest oil user in the world and the […]