Market Chatter: Oil Rebounds from Intraday Low to Finish Higher

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"Oil futures staged a modest rebound Wednesday, reversing course to turn decidedly higher in the last hour or so before the session's close. Prices extended their gains to a fourth session in a row, continuing to find support from recently upbeat economic data despite a Wednesday report showing a hefty climb in last week's U.S. crude supplies," MarketWatch reported.

It said: "May crude rose 24 cents, or 0.3%, to end at $96.58 a barrel on the New York Mercantile Exchange, the highest close for a most-active contract since Feb. 19, FactSet data show."



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This article appears in: Investing , Commodities

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