Bullionguru’s “Crude holds gains in Asia as NKorea shrugged off, eyes on OPEC”

“Live NEWS Update”

 

Crude prices held strong gains in Asia on Monday, shrugging off the latest missile test by North Korea and waiting for the big meeting on May 25 widely expected to extend an oil output cut pact through March 2018.

The U.S. West Texas Intermediate crude June contract rose 0.99% to $51.17 a barrel. Elsewhere, on the ICE Futures Exchange in London, Brent oil for July delivery were last quoted at $53.88 a barrel.

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