Oil

Traders were bracing for a sharp reduction in the global supply of crude oil.

Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of $72.27.

Brent crude rallied to its highest level this year early in the session.

Adding downward pressure were concerns about Russia's willingness to stick with OPEC-led supply cuts and expectations of higher U.S. inventories.

Warren's stance on public lands contrasts starkly with that of President Trump.

The move will make Chevron neck-and-neck with Exxon and Royal Dutch Shell.

The facts are that the U.S. needs to add pipeline capacity to take advantage of the American energy revolution.

NEW YORK (Reuters) - Oil prices fell on Thursday after sources said OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying.

State-owned Aramco is expected to raise more than $10 billion from the deal.

Brent's session high of $71.16 a barrel and WTI's of $64.39 were the highest since November.

Gas prices that have already risen for seven weeks in a row, with the national average now near $2.70 per gallon according to AAA, are poised to go even higher in the next few weeks. Here is why and what to expect.

International benchmark Brent futures settled up 9 cents at $69.40.