Oil Prices End Higher After Three-session Decline

By Myra P. SaefongMarketsMarketWatch Pulse

Oil prices finished higher Thursday, following losses over the past three trading sessions. Traders continued to digest data from the Energy Information Administration released Wednesday that revealed a rise in total U.S. crude production to their highest level in more than two years, but also a weekly drop in domestic supplies that was the largest in 11 months. September West Texas Intermediate crude rose 31 cents, or 0.7%, to settle at $47.09 a barrel on the New York Mercantile Exchange.

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