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- West Texas Intermediate crude rose a third day
West Texas Intermediate crude rose a third day
West Texas
Intermediate crude rose a third day on signals that global economic growth will
accelerate, bolstering fuel consumption.
Futures
advanced as much as 1.4 percent as the Thomson Reuters/University of
WTI oil for
June delivery rose 22 cents to $95.38 a barrel at 11:30 a.m. on the New York
Mercantile Exchange. Prices are down 0.7 percent this week. The volume of all
contracts traded was 22 percent above the 100-day average.
Brent crude
for July settlement increased 23 cents to $104.01 a barrel on the London-based
ICE Futures Europe exchange. The June contract expired at $103.80 yesterday.
Volume for all contracts was 1.3 percent lower than the 100-day average.
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