Oil Futures Pare Gains, But Settle Above $57 a Barrel

MarketWatch Pulse

Oil futures pared much of their gains by Tuesday’s close, ahead of weekly data that are expected to show an increase in crude supplies. Prices, however, still settled above $57 a barrel on the heels of weakness in the U.S. dollar and news that Iran seized a cargo vessel traveling in the Strait of Hormuz. June crude settled at $57.06 a barrel on the New York Mercantile Exchange, up 7 cents, or 0.1%.

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