Crude-oil futures rose more than 2% on Tuesday, as some optimism about curtailing output seemed to permeate markets and ahead of a fresh weekly report on stockpiles.Light, sweet crude futures for delivery in March CLH5, -1.32% rose $1.08, or 2.4%, to settle at $46.23 a barrel on the New York Mercantile Exchange.
Brent crude for March delivery LCOH5, -1.03% added $1.44, or 3%, to $49.60 a barrel on London’s ICE Futures Exchange. Futures earlier hit an intraday low at $47.67 a barrel, and traded as high as $49.99 a barrel.
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