Oil futures up a 5th session for longest winning streak since February

Oil futures settled higher on Thursday, stretching their streak of consecutive gains to a fifth session...

Oil futures up a 5th session for longest winning streak since February

Oil prospects settled higher on Thursday, extending their dash of successive increases to a fifth meeting, the longest run since an eight-meeting climb finished on Feb. 10. The value climb followed information delivered Wednesday that uncovered a decrease in U.S. supplies of rough, gas and distillates. Merchants, notwithstanding, keep on peering toward advancements attached to talks over the Iran atomic arrangement, as an understanding would probably lead the U.S. to lift sanctions on Tehran, permitting it to raise oil trades.

The Organization of the Petroleum Exporting Countries and their partners, in the mean time, will hold a gathering on Tuesday to examine plans for creation. West Texas Intermediate oil for July conveyance moved by 64 pennies, or 1%, to settle at $66.85 a barrel on the New York Mercantile Exchange.