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Crude prices higher in subdued trade

Published 05/02/2016, 12:36
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Investing.com - Crude oil futures were higher on Friday, but gains were held in check as oversupply concerns continued to weigh on markets.
International benchmark Brent crude futures were trading at $34.77 per barrel at 10.00 GMT, a notch below their last settlement while U.S. crude futures were trading at $32.11 a barrel.Oil prices have been extremely volatile since the start of the year, and in particular this week, as a string of bullish indicators like a slump in the dollar and potential talks on output cuts clashed with bearish reports of record U.S. crude inventories, higher output and a slowing global economy.

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