Oil Prices Mark Fifth Session Gain In a Row

By Myra P. Saefong Markets MarketWatch Pulse

Oil prices settled higher Tuesday, buoyed by expectations that the Organization of the Petroleum Exporting Countries will reach an agreement to extend the production-cut pact for at least another six months. Traders also weighed President Donald Trump's plan to sell some U.S. crude from the Strategic Petroleum Reserve as part of his broader budget proposal. June West Texas Intermediate crude rose 34 cents, or 0.7%, to settle at $51.47 a barrel on the New York Mercantile Exchange.

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