Oil Futures Gain More Than 2% For The Month

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures lost a few pennies on Tuesday as traders bet that upcoming U.S. government data will reveal a climb in domestic crude supplies for an eighth week in a row. April West Texas Intermediate crude fell 4 cents, or less than 0.1%, to settle at $54.01 a barrel. Prices based on the most active contracts rose roughly 2.3% for the month, but that was the smallest such gain since February of last year, according to FactSet data.

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