Oil Rises Most in Almost Four Weeks on Retail Sales, Equities

Crude oil rose the most in almost four weeks in New York as U.S. retail sales fell less than expected and equities rallied.

Crude climbed 2.1 percent after purchases dropped 0.2 percent in May, less than economists estimated, Commerce Department figures showed in Washington. The Standard & Poor’s 500 Index advanced the most since April. New York-traded oil touched a record discount to London’s Brent.