CNBC | US crude hits $50 for first time in 5 weeks as demand outlook improves CNBC Oil prices rose on Thursday, building on recent gains after forecasts for stronger oil demand by the International Energy Agency. Benchmark Brent crude was up 33 cents cents at $55.49 a barrel by 8:40 a.m. ET (1240 GMT), after rising 89 cents or 1.6 ... |