Oil futures pushed higher for back-to-back sessions Wednesday as preliminary data showed a drop in U.S. supplies, with prices recovering from the roughly one-week lows hit to start the week.
A snapshot of weekly domestic petroleum data — with official data due later Wednesday — showed that a supply dip may have snapped a string of three weekly gains in a row.
The U.S. benchmark, West Texas Intermediate crude for May delivery rose 42 cents, or 0.7%, to $64.48 a barrel on the New York Mercantile Exchange.
June Brent crude the global benchmark, added 53 cents, or 0.7% to $72.25 a barrel on ICE Futures Europe, trading back at roughly five-month highs.
Source : MarketWatch