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Oil settled higher on Friday after Brent rose as high as $64.32 a barrel, the day after OPEC and other producers agreed to extend output cuts through the end of 2018. Gains were limited as news about Michael Flynn spooked Wall Street.
The output-cut extension supports crude prices by tightening global supply, which can ease pressure on energy-linked feed costs. Gains were modest, so the day's move reflects routine trading more than a new shock.
reuters.comScott DiSavinoDec 1, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
