Oil prices rebounded during Tuesday’s trading to tally a gain of more than 9% over the past three trading sessions.
crude futures for delivery in March CLH5, -0.50% settled at $53.53 a barrel, up 75 cents, or 1.4%, from Friday’s settlement. U.S. markets were closed on Monday for Presidents Day and there was no settlement for Nymex WTI crude. Prices on Tuesday had fallen to lows under $51.
Brent crude for April delivery LCOJ5, -0.40% settled $1.13, or 1.8%, higher at $62.53 a barrel on London’s ICE Futures exchange.
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