Oil tallies third straight gain as Middle East tensions persist (marketwatch.com)

Brent crude futures mark highest finish month to date.

Oil futures climbed Thursday, stretching their winning streak to a third session, as investors focused on still percolating Middle East tensions.

West Texas Intermediate crude for June delivery rose 85 cents, or 1.4%, to settle at $62.87 a barrel, with prices marking the highest finish for a front-month contract since May 1, according to Dow Jones Market Data. Prices posted a third straight climb and trade roughly 2% higher for the week.

The global benchmark, July Brent, added 85 cents, or 1.2%, to $72.62 a barrel on ICE Futures Europe, for the highest finish to date in May.

More detail at https://www.marketwatch.com/story/oil-adds-to-gain-as-middle-east-tensions-persist-us-supply-build-shrugged-off-2019-05-16

Back To Top
×Close search