Oil Futures Settle At a Nearly Two-week High

MarketWatch Pulse

Oil futures climbed on Monday, with the drop in the U.S. dollar fueling another gain for the commodity despite indications from Saudi Arabia that it intends to maintain its crude-production levels. May crude settled at $47.45 a barrel on the New York Mercantile Exchange, up 88 cents, or 1.9%. That was the highest settlement for a most-active contract since March 11.

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