Oil Prices Strengthen on U.S. Supply Drop

Oil Prices Strengthen on U.S. Supply Drop

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A customer fuels his car at a gas station in Pembroke, MassA customer fuels his car at a gas station in Pembroke, Mass

Light, sweet rough for July conveyance as of late rose $1.04, or 1.8%, to $60.02 a barrel on the New York Mercantile Exchange. Brent, the worldwide benchmark, climbed 81 pennies, or 1.3%, to $65.84 a barrel on ICE Futures Europe.

Oil prices gained Thursday on a decline in U.S. oil storage levels and better economic numbers from China….Read More

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