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Oil futures mark first gain in 3 sessions

Clyde Edgerton by Clyde Edgerton
July 18, 2023
in Markets
Oil futures mark first gain in 3 sessions
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Oil futures finished higher on Tuesday, marking their first gain in three sessions. “With OPEC discipline acting to stem oil price declines, energy traders could remain in buy-the-dip mode until proven wrong,” wrote Stephen Innes, managing partner at SPI Asset Management, in commentary earlier this week. West Texas Intermediate crude for August delivery
CLQ23,
-0.28%
rose $1.60, or 2.2%, to settle at $75.75 a barrel on the New York Mercantile Exchange.

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