Oil climbs on tight US supply even as coal, gas crunch eases
MELBOURNE: Oil NSE -0.09 % prices resumed their climb on Friday on continued tightness in U.S. supply, but were headed for a flat finish on the week as coal and gas prices eased, curbing fuel-switching which had stoked demand for oil products for power.
U.S. West Texas Intermediate (WTI) crude futures rose 20 cents, or 0.2%, to $82.70 a barrel at 0148 GMT, reversing part of Thursday’s 92 cent loss.
