Oil prices rose around 1% on Friday to move further away from five-month lows hi...
TOKYO - Oil prices rose around 1% on Friday to move further away from five-month lows hit earlier in the week, buoyed by a report that Washington could postpone trade tariffs on Mexico and signs OPEC and other producers may extend crude supply cuts.
U.S. West Texas Intermediate crude futures were up 50 cents, or 1%, at $53.09 per barrel, after trading as high as $53.33. They finished the previous session 1.8% higher. But on Thursday oil prices followed U.S. stocks higher after Bloomberg News reported the United States is considering a delay in the tariffs on Mexico as talks continue.
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