Oil futures top $50 for the highest settlement since early June

Oil prospects climbed Thursday, with West Texas Intermediate unrefined garnish $50 a barrel to score its most noteworthy settlement since early June. Costs got a support from desires that Hurricane Matthew will disturb supplies, prompting another week by week drawdown in the country's stockpiles. November West Texas Intermediate rough CLX6, +1.32% rose 61 pennies, or 1.2%, to settle at $50.44 a barrel on the New York Mercantile Exchange. That was the most astounding completion for a front-month contract since June 9, as indicated by FactSet information.