Oil futures settled higher on Tuesday, rebounding from an earlier plunge in the wake of an agreement over Iran’s nuclear program.August West Texas Intermediate crude CLQ5, +0.45% climbed 84 cents, or 1.6%, to settle at $53.04 a barrel on the New York Mercantile Exchange — its highest settlement since July 2. It had traded as low as $50.88 after the Iran deal announcement, a level prices haven’t finished at since April.
August Brent crude LCOQ5, +0.29% added 66 cents, or 1.1%, to $58.51 a barrel after trading as low as $56.43.
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