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Oil Futures Settle Notably Higher For The Day, Gain 5% In Week


Oil Futures Settle Notably Higher For The Day, Gain 5% In Week
WASHINGTON (dpa-AFX) - Crude oil prices moved higher on Friday amid rising hopes about increased demand for energy, and the recent decision of OPEC+ to gradually increase crude output.
Oil also continued to find support from data released by Energy Information Administration (EIA) on Thursday that crude oil stockpiles in the U.S. fell more than expected in the week ended May 29th.
West Texas Intermediate Crude oil futures for July ended up by $0.81 or 1.2% at $69.62 a barrel, the highest settlement since October 2018.
WTI futures gained about 5% in the week, rising for a second straight week. ....

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AMC, Tesla, Exxon and Lululemon: 5 Things You Must Know Thursday

Investors eye employment data and the Fed s next policy moves; AMC s powerful rally continues; activist likely wins third seat on Exxon s board. ....

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