Baku – APA-Economics. U.S. oil prices strengthened Monday on expectations that supplies at a key storage hub in Oklahoma will continue to fall as refinery demand increases ahead of the summer driving season, Wall Street Journal reported.
Light, sweet crude for June delivery settled up 59 cents, or 0.6%, to $102.61 a barrel on the New York Mercantile Exchange, the highest settlement since April 21.
Brent crude on the ICE futures exchange fell 38 cents, or 0.4%, to $109.37 a barrel.