Oil at one-month high, supply-cut extension expected

20 May 2017, New York — Oil prices rose on Friday, closing out the second week of gains on growing expectations that OPEC and other producing countries will agree next week to extend output cuts. Brent crude LCOc1 settled up $1.10, or 2.1 percent, at $53.61, the highest settlement for the international benchmark since April […] More »