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EZ2

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Alias Born 03/31/2001

EZ2

Re: None

Thursday, 05/26/2016 9:03:36 AM

Thursday, May 26, 2016 9:03:36 AM

Post# of 120381
U.S. Oil Prices Rise Above $50 a Barrel for First Time This Year

The price of oil rose above $50 a barrel as declines in U.S. oil inventories raised hopes the glutted market was inching toward a better balance.

On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 1% at $50.05 a barrel. U.S. oil prices had not been above $50 since November. Brent crude, the global oil benchmark, rose 1.2% to $50.34 a barrel on London's ICE Futures exchange.

See More Coverage » WSJ

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