Oil Pares Gains Ahead Of May Contract Expiration

MarketWatch Pulse

Oil futures settled higher on Monday as China's move to stimulate its economy lifted prospects for energy demand. Prices finished off the session's best levels, however, as the expiration of the May contracts on Tuesday fed volatility. May crude settled at $56.38 a barrel, up 64 cents, or 1.2%, for the New York Mercantile Exchange.

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