Oil Erases Loss To Extend Win Streak To 6 Sessions

By MarketWatchMarketsMarketWatch 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.

Copyright © 2017 MarketWatch, Inc.

Continue Reading Below