Oil Settles At Highest Level Of The Year

MarketWatch Pulse

Oil futures on Tuesday marked their highest settlement of the year, based on the most-active contracts. Prices got a boost from a weaker U.S. dollar as traders bet that weekly data will show a decline in U.S. crude inventories. July crude tacked on $1.06, or 1.8%, to settle at $61.26 a barrel on the New York Mercantile Exchange.

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