Oil & Gas Oil prices advance as global output liftsOIL prices rose to near seven-month highs yesterday as improving global factory activity bolstered expectations of an economic recovery. June 2nd 2009, 12:13 am 1 min read Facebook An icon of a facebook f logo. LinkedIn An icon of the LinkedIn logo. Twitter An icon of the Twitter logo. OIL prices rose to near seven-month highs yesterday as improving global factory activity bolstered expectations of an economic recovery.