OIL FUTURES: Crude Settles Up At New 6-Month High - Wall Street Journal

NEW YORK (Dow Jones)--Crude oil futures prices rose for a fifth straight day Friday, setting a new six-month high on hopes of a recovery in global oil demand.

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Light, sweet crude oil futures for July delivery settled $1.23, or 1.9%, higher at $66.31 a barrel, the most since Nov. 5. Prices gained 8.6% or $5.26 a barrel in the last five trading days. The July ICE Brent crude futures settled at $64.39, up $1.13 or 1.75%. Saudi Arabia's view that the global economy can handle oil prices above $75 a barrel and its ...

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