WTI Oil Futures Settle Higher After Volatile Session

By Markets MarketWatch Pulse

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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