Crude-oil futures climbed above US$93 a barrel Tuesday ahead of supply data expected to show a rise in stockpiles, according to MarketWatch.
Oil for February delivery rose 24 cents to $93.45 a barrel in electronic trading. The contract on Monday closed with a small gain at $93.19 on the New York Mercantile Exchange, the highest settlement for the February contract since the middle of October.
Last week, crude prices rose 2.5% after a big drop in crude supplies, and analysts are expecting this week's data to show a rebound.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
