Published March 3, 2015 2:56pm EST | Updated May 21, 2015 1:25pm EDT

Oil Futures Climb Nearly 2% To Settle Back Above $50

Oil futures climbed by nearly 2% on Tuesday to settle back above $50, with violence in Libya and concerns surrounding Iran's nuclear program feeding worries about global oil supplies. April crude rose 93 cents, or 1.9%, to settle at $50.52 a barrel on the New York Mercantile Exchange.