U.S. oil futures end above $80 for the first time in over 2 weeks

U.S. oil futures edged higher on Tuesday, settling above $80 a barrel for the first time in more than two weeks. Traders continued to assess the energy demand outlook, particularly from China, which recently released some better than expected economic data. The U.S. benchmark WTI crude for February delivery
CLG23,
+0.75%
rose 32 cents, or 0.4%, to settle at $80.18 a barrel on the New York Mercantile Exchange. That was the highest finish for a front-month contract since Dec. 30, FactSet data show.