Oil prices rose Wednesday with expectations for supply declines, a long-term rebound and some profit-taking by traders all leading to gains. U.S. crude oil for September delivery recently gained 61 cents, or 1.5%, to $40.12 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, gained 52 cents, or 1.2%, to $42.32 a barrel on ICE Futures Europe. Despite the gains, prices are still deep into a bear market...

Source: Wall Street Journal August 03, 2016 05:44 UTC