CNBC | US oil settles 0.62 percent higher at $48.52, marks 7-week high CNBC International benchmark Brent crude oil futures were trading down 17 cents at $50.72 per barrel, but on pace for a roughly 8 percent gain on the week. The session peak was $51.22, the highest since June 22. U.S. West Texas Intermediate (WTI) crude ... Oil on track for best weekly gain in about 4 months Oil retreats from eight-week highs as rally pauses Oil Prices Fall But Stay On Track for Large Weekly Gain |