U.S. oil futures up a third session, marking this month’s longest streak of gains

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Oil futures settled higher on Wednesday, with U.S. prices up a third session — the longest streak of daily gains so far this month. The Energy Information Administration reported a decline of 3 million barrels in U.S. crude inventories for the week ended Aug. 20. That marked a third consecutive weekly supply decline. Domestic gasoline supplies also fell by 2.2 million barrels, with implied demand for the fuel up for the week. West Texas Intermediate crude for October delivery
CLV21,
+1.27%
rose 82 cents, or 1.2%, to settle at $68.36 a barrel on the New York Mercantile Exchange.

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