Today’s Crude Oil News Updated By Gates Commodity

Oil prices pushed higher in early trade on Friday, building on gains in the previous session, after OPEC producers and allies promised to meet their supply cut commitments and two major oil traders said demand was recovering well.

U.S. West Texas Intermediate (WTI) crude (CLc1) futures climbed 23 cents, or 0.6%, to $39.07 a barrel at 0209 GMT, while Brent crude (LCOc1) futures rose 18 cents, or 0.4%, to $41.69 a barrel. Both contracts rose around 2% on Thursday.

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