Crude rises on Wall St rally, gasoline spike amid pipeline outage

Oil prices rose about 1 percent or more on Thursday after tracking a rally in gasoline futures sparked by a delayed restart of the main gasoline line at Colonial Pipeline, the No. 1 carrier for the motor fuel in the United States. A run up in Wall Street shares also boosted oil prices as weak U.S. economic data dampened the likelihood of a Federal Reserve rate hike this month. Brent crude futures settled up 74 cents, or 1.6 percent, at $46.59 a barrel, after a session high at $47.