String Of Bullish News Sends Oil Rallying Above $40

Oil prices were set for a weekly gain early on Friday, capping a week of several days of gains that saw both benchmarks rebound to above $40 a barrel.    As of 10:11 a.m. EDT on Friday, WTI Crude was up 0.63 percent at $41.19 and Brent Crude was up 0.05 percent at $43.28.   This week’s sentiment on the market has been more bullish than the previous week, when fears of waning demand recovery had overtaken the news cycle and a sell-off sent oil prices to below $40 a barrel. This week started with OPEC and the International Energy…

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