US benchmark West Texas Intermediate crude oil futures are higher on Friday, enabling the market to post a second straight weekly gain.
The catalysts behind the move are the improving economic outlook for China and resulting expectations of an increase in fuel demand in the world’s second largest economy.
At 13:45 GMT, March WTI Crude Oil stands at $81.05, up $0.44 or +0.55%. On Thursday the United States Oil Fund ETF (USO) priced at $70.59, up $1.08 or +1.55%.
The market is…
