Oil climbed Wednesday, with U.S. prices topping $50 a barrel for their highest finish in about four months. Support from expectations that major oil producers will extend their output-cut deal further into next year outweighed pressure from a bigger-than-expected weekly rise in U.S. crude inventories. Tensions in the Middle East tied to President Donald Trump’s comments on Iran’s nuclear deal also supported prices. October West Texas Intermediate crude , which expired at the settlement, rose 93 cents, or 1.9%, to settle at $50.41 a barrel on the New York Mercantile Exchange. That was the highest finish since for a front-month contract since May 24, according to FactSet data. November WTI settled at $50.69, up 79 cents, or 1.6%.
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