(MENAFN- ProactiveInvestors)
West Texas Intermediate oil futures settled above US$58 a barrel overnight at their highest level of the year.
Prices received a boost from U.S. government data showing a decline in crude supplies at the Cushing Oklahoma storage hub.
West Texas Intermediate for June delivery rallied 2.7% to US$58.58 a barrel on the New York Mercantile Exchange.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.