U.S. benchmark oil futures settled higher on Tuesday, getting a lift from global supply cuts and signs of improving demand, following a volatile trading session that ended with the expiration of the June contracts.
June West Texas Intermediate oil rose 68 cents, or 2.1%, to settle at $32.50 a barrel on the New York Mercantile Exchange. July WTI oil which is now the front-month contract, settled at $31.96, up 31 cents, or 1%.
Source : Marketwatch