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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. ....
WASHINGTON (dpa-AFX) - Crude oil futures settled roughly flat on Thursday after two successive days of strong gains, as traders reacted to inventory data and weighed energy demand prospects.West ....