Crude oil futures close higher on Friday trading
NEW YORK, Jan 16 — Crude oil futures settled higher on Friday, according to market data.
The price increase was recorded at the close of trading in New York.
No specific percentage or dollar amount for the gain was provided in the brief report.
Market analysts typically monitor such movements for indicators of global economic activity.
Oil prices are influenced by factors including supply levels, geopolitical events, and demand forecasts.
Friday's trading session concluded with the upward movement.
Crude oil futures are financial contracts for future delivery of oil.
They are traded on commodities exchanges worldwide.
Price fluctuations can affect energy costs and inflation rates.
Further details were not immediately available from the source.