Oil Futures Settle At a 2-week High

By Markets MarketWatch Pulse

Oil futures settled sharply higher on Tuesday to end at their highest level in two weeks. Prices got a boost from talk of renewed efforts by members of the Organization of the Petroleum Exporting Countries to reach an agreement later this month to curtail output. December West Texas Intermediate crude rose $2.49, or 5.8%, to settle at $45.81 a barrel on the New York Mercantile Exchange.

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