Oil futures traded on the New York Mercantile Exchange settled higher Tuesday, finding support after Russia and Saudi Arabia said they would set up a working group to monitor the oil market and come up with ways to promote stability. October WTI crude rose 39 cents, or 0.9%, to settle at $44.83 a barrel on Nymex. Prices traded as low as $43.84 during the session, according to FactSet data, amid doubts over potential action among the major oil producers to boost prices.
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