Oil set for fourth winning quarter in a row | Financial Times

Oil set for fourth winning quarter in a row | Financial Times:

Oil keeps marching higher, with both US and international benchmarks on track for their fourth consecutive quarter in the black. West Texas Intermediate was eyeing a gain of about 14 per cent in the second quarter of 2018. That would give the US benchmark its longest back-to-back quarterly gains since 2009 through the first quarter of 2010, according to Thomson Reuters data. Most of the gains came in the month of June, with WTI posting a roughly 10 per cent advance during that time, compared to a 2.2 per cent dip in May. Year-to-date, US crude is up about 22 per cent, topping the 12.4 per cent gain notched for 2017.