Oil Futures Settle Above $50 For First Time In Two Weeks

By Markets MarketWatch Pulse

Oil futures settled back above $50 a barrel Thursday at their highest level in two weeks as traders bet that the U.K. will vote to remain in the European Union. That eased worries about the potential disruption a U.K. exit, or "Brexit," from the bloc would cause in global financial markets and economies. August WTI crude settled at $50.11 a barrel on the New York Mercantile Exchange, up 98 cents, or 2%.

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