WTI Oil Rises to Five-Week High on Consumer Sentiment

West Texas Intermediate crude climbed to a five-week high as U.S. consumer confidence rose in April while gasoline demand grew. Brent’s premium to WTI shrank. WTI’s weekly advance was the biggest this year.

Oil Rises as Consumer Sentiment Gains

Oil advanced as data showing U.S. consumer confidence climbed to a five-year high, helping ease concern that a political stalemate in Washington will lead to a fiscal crisis.