CNBC | This chart says oil could hit $60 — and fast CNBC West Texas Intermediate crude futures for July were trading above $51 per barrel for the first time since July 2015. Oil was higher on the weaker dollar, continued supply disruptions, and as U.S. government data showed a drawdown in U.S. inventories. Oil Closes Above $50 for Second Day in a Row Oil rises, hits 2016 highs; US gasoline build worries some Oil ends at nearly 11-month high on supply disruptions, China imports |