The climb was supported by a U.S. government report that revealed an unexpected weekly drop in crude inventories and a ninth straight week of falling domestic production.
June West Texas Intermediate crude CLM6, -0.02% tacked on $1.57, or 3.5%, to settle at $46.23 a barrel on the New York Mercantile Exchange. The settlement was the highest since Nov. 4. July Brent crude LCON6, -0.15% on London’s ICE Futures exchange added $2.08, or 4.6%, to end at $47.60 a barrel.
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