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Oil prices rise more than 2 percent amid broad market optimism

Reuters  |  NEW YORK 

By Stephanie KellyNEW YORK (Reuters) - Oil prices rose more than 2 percent on Friday, rebounding from two days of declines as Wall Street climbed on strong U.S. jobs data, while investors also grew hopeful that a planned meeting between U.S. President Donald Trump and North Korea's Kim Jong Un could ease geopolitical tensions.Brent crude futures rose $1.54 to $65.15 a barrel, a 2.4 percent gain, by 1:20 p.m. EST (1820 GMT).West Texas Intermediate (WTI) crude futures rose $1.63 to $61.75 a barrel, a 2.7 percent gain.Both Brent and U.S. crude were on track for a weekly percentage gain.Trump ...

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First Published: Sat, March 10 2018. 00:13 IST
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