US crude oil futures extended gains towards $82 a barrel, their highest in nearly eight weeks, in line with strong Asian shares and hopes for economic recovery in the world's top oil consumer.
NYMEX crude for April delivery was up 50 cents at $82.00 a barrel, after settling up $1.29 at $81.50 on Friday. It rose as high as $82.07 on Friday; it's highest since January 12.
Money managers extended their net long crude oil futures position on the New York Mercantile Exchange in the week through March 2, the Commodity Futures Trading Commission said on Friday.
Source BloombergUTV
Lable Oil price,Commodity Price
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