Oil prices rise to 8-week high on demand hopes; US export decline


By Scott DiSavino NEW YORK (Reuters) - Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand. Brent futures rose 77 cents, or 1.1%, to settle at $69.32 a barrel, while U.S.

West Texas Intermediate (WTI) crude rose 80 cents, or 1.2%, to settle at $66.08. That was the highest close for Brent since March 11 and for WTI since March 5. U.S. crude exports fell last week to around 1.8 million barrels per day (bpd), their.....

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