Oil futures settled higher on Wednesday, with the U.S. benchmark at a high for the year, after a government report showed that crude supplies fell a sixth straight week.But prices ended off the session’s best level as data showed U.S. oil production edged higher.
July crude CLN5, -0.39% climbed $1.29, or 2.1%, to settle at $61.43 a barrel on the New York Mercantile Exchange. Based on the most-active contracts, prices settled at their highest since early December.
July Brent crude LCON5, -0.23% on London’s ICE Futures exchange rose 82 cents, or 1.3%, to $65.70 a barrel.
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