Oil Futures Top $50 For Highest Settlement Since Early June

By Markets MarketWatch Pulse

Oil futures climbed Thursday, with West Texas Intermediate crude topping $50 a barrel to score its highest settlement since early June. Prices got a boost from expectations that Hurricane Matthew will disrupt supplies, leading to another weekly drawdown in the nation's stockpiles. November West Texas Intermediate crude rose 61 cents, or 1.2%, to settle at $50.44 a barrel on the New York Mercantile Exchange. That was the highest finish for a front-month contract since June 9, according to FactSet data.

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