Brent up 1% on short-covering, US crude just above $40 –

21 November 2015, New York – Brent oil settled 1 percent higher on Friday on pre-weekend short-covering, while U.S. crude settled lower but just above the $40-per-barrel support it has struggled to defend after a surge in inventories. U.S. crude’s expiring spot contract also reached its widest discount, or contango, in more than four years […] More »