Oil futures climbed on Thursday (link), with data showing strong first-quarter U.S. economic growth (link) boosting expectations for energy demand, even as India continues to struggle with a rise in COVID-19 cases. June West Texas Intermediate crude rose $1.15, or 1.8%, to settle at $65.01 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since March 15, according to FactSet data.
-Myra P. Saefong; 415-439-6400; AskNewswires@dowjones.com
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