Oil Gains As Bullish Bets On Rising Prices Hit Record High
Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U. S. oil production. Brent crude oil LCOc1 rose 55 cents to $56.54 a barrel by 1053 GMT, while U.S. West Texas Intermediate CLc1 added 39 cents to $54.38. Money … Read more