Oil climbs
Singapore
Oil climbed for a second day on Friday underpinned by expectations of tighter supply and on reports of record Chinese demand, but prices remained under pressure from rising U.S. crude and gasoline inventories.
Brent crude, the international benchmark, rose 15 cents to $54.31 a barrel 0257 GMT. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 17 cents at $51.54 per barrel.
The International Energy Agency (IEA) said that while it was "far too soon" to gauge OPEC members´ compliance with promised cuts, commercial oil inventories in the developed world fell for a fourth consecutive month in November, with another decline projected for December.
China´s December refinery runs were up 3.7 percent at 47.82 million tonnes, or 11.26 million barrels per day (bpd), data from the statistics bureau showed, touching a new daily record.
-
Extreme Cold Warning Issued As Blizzard Hits Southern Ontario Including Toronto -
Lana Del Rey Announces New Single Co-written With Husband Jeremy Dufrene -
Ukraine-Russia Talks Heat Up As Zelenskyy Warns Of US Pressure Before Elections -
Lil Nas X Spotted Buying Used Refrigerator After Backlash Over Nude Public Meltdown -
Caleb McLaughlin Shares His Resume For This Major Role -
King Charles Carries With ‘dignity’ As Andrew Lets Down -
Brooklyn Beckham Covers Up More Tattoos Linked To His Family Amid Rift -
Shamed Andrew Agreed To ‘go Quietly’ If King Protects Daughters -
Candace Cameron Bure Says She’s Supporting Lori Loughlin After Separation From Mossimo Giannulli -
Princess Beatrice, Eugenie Are ‘not Innocent’ In Epstein Drama -
Reese Witherspoon Goes 'boss' Mode On 'Legally Blonde' Prequel -
Chris Hemsworth And Elsa Pataky Open Up About Raising Their Three Children In Australia -
Record Set Straight On King Charles’ Reason For Financially Supporting Andrew And Not Harry -
Michael Douglas Breaks Silence On Jack Nicholson's Constant Teasing -
How Prince Edward Was ‘bullied’ By Brother Andrew Mountbatten Windsor -
'Kryptonite' Singer Brad Arnold Loses Battle With Cancer