Futures rose as much as 2.2 per cent in New York and crude in London climbed for a sixth day, the longest rally since November. Rigs targeting oil fell by 8 to 392, declining for an 11th week to the lowest level since December 2009, according to Baker Hughes. Hedge funds unwound bearish bets at the fastest pace in 10 months, US Commodity Futures Trading Commission data showed, as the prospect of prices sinking to $20 faded.
“We’re starting to see...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team