Oil prices climbed after data showed a fall in the weekly U.S. oil rig count. The West Texas Intermediate for February delivery rose 1.86 U.S. dollars, or 2.4 percent, to settle at 80. 26 Dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery added 2.45 dollars, or 2.9 percent, to settle at 85.91 dollars a barrel on the London ICE Futures Exchange. The number of active U.S. rigs drilling for oil dropped by one to 621 this week, Houston-based oilfield services company Baker Hughes reported Friday.

Credit : Independent News Pakistan-INP