CNBC | US oil settles up 60 cents, or 1.6%, at $38.10 a barrel 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 boosted by stockpile cheer, but bears still in control Oil above $37 as US supply tightens, still near 11-year low |