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- Oil rose for the first time in six days
Oil rose for the first time in six days
West Texas
Intermediate crude rose for the first time in six days, trimming a weekly drop
as industrial production advanced more than forecast in
Futures
gained as much as 1.4 percent in
WTI for
September delivery advanced as much as $1.42 to $104.82 a barrel in electronic
trading on the New York Mercantile Exchange and was at $104 as of 1:46 p.m.
Brent for
September settlement rose 0.4 percent to $107.09 a barrel on the London-based
ICE Futures Europe exchange. The European benchmark was at a premium of $3.09
to WTI, down from $3.28 yesterday.
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