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Oil, Stocks Rise As IEA Sees Bottom For Oil Market

stander
stander
in Oil, Gas and Energy News

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NEW YORK, March 11 (Reuters) - Oil prices rose on Friday, boosting world stock markets, after an energy organization said the oil market may have found a floor.

Brent crude oil registered a third straight week of gains after the report by the International Energy Agency, which also said production declines were picking up in the United States and other non-OPEC producers, and an increase in supply from Iran was less dramatic than expected

http://www.downstreamtoday.com/news/article.aspx?a_id=51411

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