Published December 23, 2014 2:44pm EST | Updated January 8, 2015 3:06pm EST

Crude Oil Settles 3.4% Higher On GDP Data, OPEC

Crude oil futures settled higher Tuesday after strong U.S. economic data and speculation from OPEC that the price of oil will rebound to $70 to $80 a barrel by the end of 2015. Crude oil futures for February rose $1.86, or 3.4%, to settle at $57.12 a barrel on the New York Mercantile Exchange.