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US crude settles at $53.01, rallying for second day on OPEC output cuts and China demand forecast - CNBC
CNBC | US crude settles at $53.01, rallying for second day on OPEC output cuts and China demand forecast CNBC Oil prices rallied for a second day on Thursday, supported by reports that key members of OPEC were starting to cut production and by forecasts of strong demand growth in China. U.S. crude ended Thursday's session up 76 cents, or 1.5 percent, at $53.01. Oil up a second day on signs of output cut, weaker dollar and China demand growth Oil rises on supply cuts, record China demand forecast Oil Posts Biggest Two-Day Gain in 6 Weeks as Saudis Make Cuts |
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