Oil Futures Extend Rebound To Finish Higher For Second Day

By Markets MarketWatch Pulse

Oil futures ended with strong gains Thursday. September West Texas Intermediate crude futures rose $1.10, or 2.7%, to close at $41.93 a barrel, building on a 3.3% rise scored Wednesday after weekly data showed a much larger-than-expected drop in gasoline inventories. Oil futures have rebounded after hitting a three-month low below $40 a barrel earlier in the week.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.