Oil futures ended higher on Tuesday, extending crude™s winning streak to three sessions, as bulls continued to find encouragement in signs of tightening supplies and fading worries over global economic growth.
The optimism has spread through investment banks, with many bumping up their price predictions for 2019, according to a Wall Street Journal poll.
West Texas Intermediate crude for May delivery on the New York Mercantile Exchange rose 99 cents, or 1.6%, to close at $62.58 a barrel ” its highest finish since Nov. 5.
The global benchmark, June Brent crude settled 36 cents higher, up 0.5%, at $69.37 a barrel on the ICE Europe exchange, its highest close since Nov.12.
Source : Marketwatch
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