Oil Futures Mark Highest Finish Since Early October

Oil futures climbed Tuesday to mark their best settlement since early October. Traders bet that production disruptions in Canada and Nigeria will help ease a global glut of crude supplies. The market also expects upcoming weekly reports to reveal a decline in oil inventories. June WTI crude rose 59 cents, or 1.2%, to settle at $48.31 a barrel on the New York Mercantile Exchange.

Copyright © 2016 MarketWatch, Inc.