Published April 14, 2015 2:41pm EDT | Updated May 21, 2015 1:30pm EDT

Oil Futures Settle At Highest In a Week

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.