Oil surges, Brent-US crude spread hits 2-1/2 years low growth in US manufacturing and the impact of Canadian pipeline problems on US inventories helped lift US crude.

Oil futures rose on Monday, the first day of the third quarter, with gains in US crude outpacing the rest of the oil complex and pushing the US contract’s discount to Brent to a 2-1/2 year low amid a broad commodities rally. A bullish US equities market, growth in US manufacturing and the...Oil surges, Brent-US crude spread hits 2-1/2 years low growth in US manufacturing and the impact of Canadian pipeline problems on US inventories helped lift US crude.