Oil Soars in Asia; looks for sixth straight weekly gain

Oil futures moved higher in the early part of Monday’s Asian session, rebounding from a downbeat finish to last week. 

On the New York Mercantile Exchange, light sweet crude futures for delivery in February climbed 0.51% to USD94.47 per barrel in Asian trading Monday. Monday’s bullishness follows a 0.1% loss in the U.S. last Friday, but crude futures gained 0.7% for the week and that was good for the fifth consecutive weekly gain. Continue Reading...

By Investing.com