Oil Tallies Longest Streak Of Session Gains Since 2010

By Myra P. Saefong Markets MarketWatch Pulse

Oil prices climbed Monday for an eighth session in a row--the longest such run of gains since the 10-session rise ended on Jan. 6, 2010, according to data from Dow Jones. Prices got a boost from the first decline in the number of active U.S. oil rigs in 24 weeks, as well as recent data showing a weekly fall in domestic crude production. August West Texas Intermediate crude added $1.03, or 2.2%, to settle at $47.07 a barrel on the New York Mercantile Exchange.

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