Oil Futures Settle At Highest In a Week

MarketWatch Pulse

Oil futures settled at a one-week high on Tuesday, buoyed by talk of a potential output cut from the Organization of the Petroleum Exporting Countries and expectations for a decline in U.S. production. Marking a fourth straight session climb, May crude settled at $53.29 a barrel, up $1.38, or 2.7%, on the New York Mercantile Exchange.

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