Crude prices up over 2% on rising U.S. oil demand and lower output
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An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021, in this photo taken by Kyodo. Picture taken on November 12, 2021. Mandatory credit Kyodo/via REUTERS
Summary
Crude futures down in week, mixed for the month
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TOKYO, April 28 (Reuters) – Oil prices mostly rose over 2% on Friday after energy firms posted positive earnings and U.S. data showed crude output was declining while fuel demand was growing.
Reporting by Yuka Obayashi; Editing by Christian Schmollinger