Oil futures settled higher on Thursday, buoyed by a hefty decline in last week’s U.S. crude supplies and better-than-expected domestic jobs growth in June. August West Texas Intermediate oil rose 83 cents, or 2.1%, to settle at $40.65 a barrel on the New York Mercantile Exchange. That was the highest finish for a front-month contract since March 6, according to FactSet data. There will be no regular trading for Nymex oil futures Friday because of the Independence Day holiday. Prices were up 5% from last Friday’s settlement.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
- Mutual Funds Weekly: These money and investing tips aim to keep your investment portfolio grounded in reality - August 8, 2020
- The Margin: 55% of coronavirus patients still have neurological problems three months later: study - August 8, 2020
- FDA approves Roche’s new spinal muscular atrophy drug - August 8, 2020