Oil settles higher but off 6-month highs

By FXStreet Oil futures wavered sharply on Thursday and finally settled higher, posting the third daily gain in a row as investors assessed supply data.

WTI crude for June delivery rose 47 cents, or 1%, to settle at $46.70 a barrel on the New York Mercantile Exchange. WTI had briefly risen above $47 a barrel to mark its highest level in six months at $47.02.
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Source:: FX Street