U.S. crude futures extended gains on Friday to stay above $91 a barrel, around $3 above the 17-month low hit a day earlier, supported by data showing a drop at the Cushing, Oklahoma, oil stockpiles hub and a fall in U.S. unemployment claims.
NYMEX crude for November delivery was up 16 cents at $91.17 a barrel by 0002 GMT, after settling up 28 cents at $91.01 on Thursday.
The contract on Thursday sank to $88.18, its lowest intraday level since April 2013, but it has since recovered ground after industry group Genscape reported a 1.7 million-barrel drop in Cushing stockpiles over the four days since Sept. 26.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.