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Oil extends gains, set for biggest weekly rise since 2009

From reuters.com

Oil extended gains on Friday and was set for its biggest weekly rise in over six years after U.S. Federal Reserve minutes suggested it was in no hurry to raise interest rates and an influential forecaster predicted a price rally. Brent crude, the global benchmark, was up 90 cents at $53.95 a barrel at 1045 GMT, 1.7 percent above the previous close and on track to rise 12 percent this week alone. U.S. crude was up 1.35 cents, or 2.7 percent, at $50.78 a barrel, the highest level in more than two months. The U.S. central bank's meeting minutes showed more policymakers than expected agreed to keep the first interest ... (full story)

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