Oil Up 3rd Day on Supply Worry; Fed Chief Remarks Pare Gains

NEW YORK, June 6 (Reuters) - Oil prices rose for a third straight day on Monday, as crippling attacks on Nigeria's oil industry and fresh draws in U.S. crude stockpiles boosted prices even though gains were pared later on renewed expectations of a U.S. interest rate hike.

Global crude benchmark Brent hit seven-month highs and settled 1.8 percent higher, while U.S. West Texas Intermediate (WTI) crude settled up 2.2 percent, its largest gain in three weeks.

http://www.downstreamtoday.com/news/article.aspx?a_id=52424