Oil Futures Mark Third Session Gain In a Row

MarketWatch Pulse

Oil futures closed higher Monday for a third straight session. A continued drop in U.S. rig counts helped ease market worries over the nation's supply glut and the Organization of the Petroleum Exporting Countries upped its 2015 expectations for world oil demand growth. March crude rose $1.17, or 2.3%, to settle at $52.86 a barrel on the New York Mercantile Exchange.

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