Published May 17, 2017 2:40pm EDT | Updated May 17, 2017 4:04pm EDT

Oil Marks Highest Finish In Nearly 3 Weeks

Oil prices settled higher Wednesday after the Energy Information Administration reported a fall in U.S. crude inventories--the sixth weekly decline in a row. June West Texas Intermediate crude rose 41 cents, or 0.8%, to settle at $49.07 a barrel on the New York Mercantile Exchange. It ended at the highest level since April 28, according to FactSet data.