U.S. oil futures settled higher on Tuesday, with prices getting a lift in the wake of declines over the past four sessions, as gains in the U.S. stock market fed risk-on sentiment.
July West Texas Intermediate oil added 23 cents, or 0.4%, to settle at $53.48 a barrel on the New York Mercantile Exchange, nearing erasing its loss from a day earlier. It settled Monday at $53.25, the lowest front-month contract finish since Feb. 12, according to FactSet data.
Source : Marketwatch