Oil Futures Settle Higher For First Time In Four Sessions

By Myra P. Saefong Markets MarketWatch Pulse

Oil futures climbed Monday, scoring their first gain four sessions. Traders continued to weigh the possibility that the Organization of the Petroleum Exporting Countries will be able to finalize a deal to curb output at a meeting Wednesday. January West Texas Intermediate crude rose $1.02, or 2.2%, to settle at $47.08 a barrel on the New York Mercantile Exchange.

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