Futures had spent most of the day in negative territory, after the International Energy Agency cut its 2009 oil demand forecast and said there is little chance of a quick recovery.
Light, sweet crude for June delivery settled 60 cents, or 1%, higher at $58.62 a barrel on the New York Mercantile Exchange. June Brent crude on the ICE Futures exchange settled 65 cents, or 1.1%, lower at $56.69 a barrel. Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.
Full Story: OIL FUTURES: Crude Ends Higher Despite Weak Demand Forecast - Wall Street Journal
Light, sweet crude for June delivery settled 60 cents, or 1%, higher at $58.62 a barrel on the New York Mercantile Exchange. June Brent crude on the ICE Futures exchange settled 65 cents, or 1.1%, lower at $56.69 a barrel. Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.
Full Story: OIL FUTURES: Crude Ends Higher Despite Weak Demand Forecast - Wall Street Journal
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