Oil Futures Settle Higher As April WTI Contracts Expire

Oil futures gained on Monday, recouping much of their losses from late last week as the April West Texas Intermediate crude contracts expired. April WTI crude rose 47 cents, or 1.2%, to settle at $39.91 a barrel on the New York Mercantile Exchange. The May contract , which is now the front-month contract, tacked on 38 cents, or 0.9%, to end at $41.52 a barrel.

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