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Oil markets extend gains after biggest daily climb in six years

From reuters.com

Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies. U.S. crude CLc1 futures are on track for their first weekly gains in 11 weeks, ending the longest losing streak since 1986. Brent crude LCOc1 is set for its first weekly gain in two weeks. Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment, with Chinese stocks jumping for the second day following a rocky start to the week. Front-month October Brent crude was up 11 cents at $47.67 per barrel as of ... (full story)

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