—Oil prices increased for a third straight day Thursday, driven by stock market gains on Wall Street and escalating skirmishes between Iran and U.S. allies that threaten to disrupt oil supplies and shipments in the Middle East. —West Texas Intermediate futures, the U.S. oil benchmark, ended 1.4% higher at $62.87 a barrel on the New York Mercantile Exchange, marking the biggest one-day gain in three weeks and the highest close since May 1.

Source: Wall Street Journal May 16, 2019 13:50 UTC