Oil Rises a Third Day on Outlook for U.S. Economy, Greek Aid

Oil rose for a third day as signs of an improving U.S. economy and progress on a bailout for Greece bolstered the outlook for fuel demand.

Futures increased as much as 0.6 percent and are poised for the biggest weekly gain this year after U.S. jobless claims dropped to the lowest level since 2008. European governments are considering lower interest rates on emergency loans to Greece and using European Central Bank contributions to plug a financing gap for the second bailout, two people familiar with the discussions said.