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Oil prices hit highest level in a year on growth hopes, OPEC+ cuts

New orders for US-made goods rose more than expected in December, pointing to continued strength in manufacturing

crude oil prices
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US crude was up $1.02, or 1.8%, at $57.25, after reaching $57.28, its highest since Jan. 22 last year.

Reuters
Oil hit its highest in a year on Friday, closing in on $60 a barrel, supported by economic revival hopes and supply curbs by producer group OPEC and its allies.
 
New orders for US-made goods rose more than expected in December, pointing to continued strength in manufacturing.
President Joe Biden's drive to enact a $1.9 trillion coronavirus aid bill also gained momentum on Friday.
 
Brent crude was up 85 cents, or 1.4%, at $59.69 by 1438 GMT after hitting its highest since Feb. 20 last year at $59.79. US crude was up $1.02, or 1.8%, at $57.25, after reaching $57.28, its