Oil Futures Edge Higher Ahead of Supply Data - report
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.
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