U.S. Benchmark Crude Oil Futures Reverse Losses to Closer Higher

U.S. benchmark oil futures erased losses to settle higher on the day.

West Texas Intermediate for July delivery added 17 cents, or 0.3 percent, to $57.68 a barrel on the New York Mercantile Exchange. Prices earlier touched $56.51, the least since April 28.

Brent for July settlement rose 47 cents to $62.53 a barrel on the London-based ICE Futures Europe exchange. It earlier slipped to $61.24, the lowest intraday level since April 15. The European benchmark crude traded at a $4.81 premium to WTI.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE