West Texas Intermediate crude rose for a second day, paring the sixth decline in seven weeks, as orders for durable goods increased the most in three months and the U.S. stock markets gained. Prices advanced 0.8 percent after the Commerce Department said bookings for goods meant to last at least three years increased 3.7 percent. The Standard & Poor’s 500 Index extended a third straight weekly gain as revenue from Amazon.com Inc. (AMZN) and Microsoft Corp. (MSFT) topped estimates. WTI capped a third weekly loss as rising production boosted U.S. crude inventories. “The strong durable goods number would suggest strong demand for oil and that’s giving the market some support,” said Phil Flynn, senior market analyst at the Price Futures Group in Chicago . “What the bulls are hanging onto is that we probably will get a little bit of a rally because the market is pretty oversold. The […]