CNBC | US oil settles $38.10 a barrel, posts 9% weekly gain CNBC U.S. crude futures closed sharply higher on Thursday as oversupply pressured the global market despite signs of tightening in the United States. U.S. oil has gained support from falling inventories, reduced drilling and the lifting of a ban on most U.S ... Oil Prices Higher as Trading Slows Ahead of Christmas Oil rallies in holiday-shortened week, but bears still in charge Oil above $37 as US supply tightens, still near 11-year low |