Oil Futures Pick Up After Losing Streak — Market Talk
Oil futures settle higher following five sessions of losses, with WTI rising 1.8% to $92.16 a barrel and Brent up 3.9% to $103.08 a barrel. U.S. weekly inventory data were seen bearish for oil as crude stocks rose by 3 million barrels, putting inventories 2% above the five-year average. Product sto…