Oil futures advanced to a six-week high Thursday as traders turned their focus from rising U.S. stockpiles to the continued drawdown of supplies from a storage hub in Oklahoma, where the benchmark U.S. contract is priced. Light, sweet crude for May delivery settled up 54 cents, or 0.5%, at $104.30 a barrel on the New York Mercantile Exchange, the highest price since March 3. Prices rose 0.5% on the week. Brent crude on the ICE futures exchange lost 7 cents, or 0.1%, to settle at $109.53 a barrel. Prices are up 2% for the week. Both the Nymex and ICE trading floors are closed Friday. U.S. crude-oil stockpiles rose by 10 million barrels last week, the biggest one-week increase since 2001, the U.S. Energy Information Administration said Wednesday. However, supplies fell in Cushing, Okla., a key storage hub and the delivery point for the Nymex contract. Cushing stocks […]