Oil rose the most in a week as investors see strong demand growth that should continue to whittle down oil supplies following positive signals from broader markets. Oil rose the most in a week as investors see strong demand growth that should continue to whittle down oil supplies following positive signals from broader markets. Futures in New York rose 1.7% on Thursday as equities climbed toward all-time highs. While U.S. gross domestic product growth missed forecasts in the second quarter, household spending jumped by the most decades, underscoring the demand for oil and other commodities to support the supply chain. Oil was also supported by a weaker dollar, which boosts the appeal of commodities priced in the currency. “Almost unequivocally, we have a fairly robust increase in risk appetite across the board,” said Bart Melek, head of commodity strategy at TD Securities. “That’s certainly rallying things up.” Oil has […]