Oil futures finish higher as upbeat U.S. economic data boost demand prospects

Oil futures climbed on Thursday, with data showing strong first-quarter U.S. economic growth boosting expectations for energy demand, even as India continues to struggle with a rise in COVID-19 cases. June West Texas Intermediate crude rose $1.15, or 1.8%, to settle at $65.01 a barrel on the New York Mercantile Exchange. That was the highest front-month contract finish since March 15, according to FactSet data.

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