Oil Futures Settle More Than 3% Higher

By Myra P. SaefongMarketsMarketWatch Pulse

Oil futures settled higher Monday, recouping most of what they lost in the previous session as the market continued to weigh prospects for the outcome of discussions among major oil producers, who have gathered in Algeria for an energy forum. November West Texas Intermediate crude tacked on $1.45, or 3.3%, to settle at $45.93 a barrel on the New York Mercantile Exchange. It lost roughly 4% on Friday.

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