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Crude oil futures rise as U.S. drilling falls to 2009 lows

2016-04-11 04:15:23| Oil & Gas - Topix.net

SINGAPORE, April 11 Oil futures on Monday extended sharp rises from the end of last week following a decline in U.S. inventories and drilling, while outages and hopes that exporters could freeze output boosted international prices. U.S. West Texas Intermediate crude futures were trading at $40.17 per barrel at 0002 GMT, up 45 cents or 1.1 percent from their last close.

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