Oil Ends With a Slight Gain As Gasoline Prices Fall 2%

Oil prices settled Wednesday with a modest gain, well below the session's best levels, as gasoline futures fell on the back of an unexpected weekly rise in U.S supplies of the fuel. June WTI crude tacked on 6 cents, or 0.1%, to settle $49.62 a barrel on the New York Mercantile Exchange after touching a high of $50.20.