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U.S. crude regains $50 mark for first time since late June

Published 10/06/2016, 09:38 AM
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Investing.com – U.S. crude Thursday moved above $50 for the first time since late June.
U.S. crude was up 0.78% at $50.22 at 09:00 ET, while Brent crude was up 0.79% at $52.27.
The market is being buoyed by a big drawdown in U.S. crude stocks in the past week.
Support is also coming from hopes OPEC will flesh out an agreement to cut output at its November formal meeting.

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