Business Insider | Crude oil is scaling out of a bear market Business Insider Futures have rallied 22% since the recent bottom on August 2, when they fell below $40. On Thursday, West Texas Intermediate crude futures in New York rose 2.8% to $48.11 per barrel, a six-week high. Oil has gained in every session since August 11 as ... US oil soars 3.1 pct to settle at $48.22, highest level since July 1 Oil Leaps Into a Bull Market Oil prices break back above $50 a barrel |