: Oil prices settle higher, supported in part by third-quarter growth in the U.S. economy


Oil futures settled higher on Thursday, stretching their gains into a third straight session on the back of U.S. GDP data showing that the nation’s economy grew at an annual 2.6% pace in the third quarter, following two straight quarters with declines. U.S. benchmark West Texas Intermediate crude for December delivery CLZ22, -0.71% rose $1.17, or 1.3%, to settle at $89.08 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since Oct. 13, FactSet data show.

This article was originally published by Marketwatch.com. Read the original article here.

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