Oil prices climb on improving US demand signs

Amman, Oil prices rose nearly 2 percent on Thursday on signs of improving demand in the United States, the world’s biggest crude consumer, and as OPEC and other producers finally agreed to a date for a meeting to discuss output cuts.

Brent crude futures rose $1.13, or 1.8 percent, to $62.95 a barrel, according to Reuters.

They dropped 0.5 percent on Wednesday, it added.

US West Texas Intermediate (WTI) crude futures were up 90 cents, or 1.7 percent, at $54.66 a barrel. WTI fell 0.26 percent in the previous session.

Source: Jordan News Agency