Oil futures climbed on Thursday, with the U.S. benchmark scoring its biggest rally in a month as disappointing manufacturing data from China and the eurozone boosted prospects for economic stimulus measures, which could help increase energy demand.July crude CLN5, -0.23% added $1.74, or 3%, to settle at $60.72 a barrel on the New York Mercantile Exchange. Based on the most-active contracts, that was Nymex oil’s largest one-day point and percentage gain since April 20 and the highest settlement in more than a week, according to FactSet data.
July Brent crude LCON5, -0.23% on London’s ICE Futures exchange rose $1.51, or 2.3%, to $66.54 a barrel.
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