U. S. crude oil futures ended higher on Friday, sparked by better-than-expected housing starts data, with more lift provided by renewed protests in Iran and a tropical wave in the Atlantic. U. S. natural gas futures settled marginally higher on NYMEX. Crude and Natgas declined on MCX on Saturday after a sharp rise on Friday.

A tropical wave in the Central Atlantic has a less than 30 percent chance of developing into a tropical cyclone over the next
48 hours, the U. S. National Hurricane Center said.

Angola will export around 1.85 million barrels per day (bpd) of crude oil in September, more than in August and again well above its implied OPEC target.

A source close to Addax Petroleum Corp said on Friday it had declared force majeure on its Nigerian Antan crude oil exports from Thursday due to production problems.

Disruptions to Nigerian oil production after a sustained period of militant violence on production facilities over the last month has shut in around 300,000 bpd.

Crude oil prices are expected to remain firm after U. S. Hurricane center has warned that one hurricane wave strengthened lately and may develop into a tropical storm with a probability of 30%. So now we may see impact of hurricane season on prices after optimism in global economy. Crude may trade up during the day.