Oil Erases Loss To Extend Win Streak To 6 Sessions

By MarketWatch Markets MarketWatch Pulse

Oil futures erased early weakness to end in positive territory Tuesday, extending a win streak to six sessions after The Wall Street Journal reported that Saudi Arabia told OPEC officials it wants to extend an agreement to cut crude-oil production. West Texas Intermediate crude for May delivery rose 32 cents, or 0.6%, to close at $53.40 a barrel after trading in negative territory for much of the session.

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