NEW YORK, May 26 (Xinhua) -- Oil prices surged on Thursday, bolstered by signs of tight supplies.
The West Texas Intermediate for July delivery added 3.76 U.S. dollars, or 3.4 percent, to settle at 114.09 dollars a barrel on the New York Mercantile Exchange. Brent crude for July delivery increased 3.37 dollars, or 3 percent, to close at 117.40 dollars a barrel on the London ICE Futures Exchange.
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