Crude Futures Continue to Rise on Bullish Gasoline Data

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Worries about rising U.S. petroleum stocks could cap gains

Crude Oil: $53.00 per barrel, Natural gas: $3.141/MMBtu, Gold:$ 1235.10 per troy oz.


News:

Crude futures continued to rise Thursday on indications of better-than-expected gasoline demand in the U.S. and as investors anticipate fresh data on OPEC’s compliance with production cuts.

U.S. crude futures rose 66 cents, or 1.26%, to $53.00 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 50 cents, or 0.93%, to $55.63 a barrel.

Oil prices got a boost from Energy Information Administration data…Read more.


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