Oil set for longest rally this year as oversupply concerns ease

The oil price looks set to experience its longest period of growth in six months. But oil prices in New York and London are still on track for a loss in June – a month in which prices typically gain.
Photo: /ritzau/Nabil al-Jurani/Arkiv
Photo: /ritzau/Nabil al-Jurani/Arkiv

Oil headed for the longest run of gains in six months as a drop in US crude production and gasoline stockpiles eased concern that OPEC-led supply curbs were proving ineffective.

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