New York-traded crude-oil futures limped across the finish line Tuesday closing up 2 cents, enough to snap a four-day losing streak but hardly inviting investors to think that significantly higher crude -oil prices are in the offing.Light, sweet crude for delivery in January CLF5, -2.15% rose 2 cents, or 0.04%, to settle at $55.93 a barrel on the New York Mercantile Exchange. Tuesday’s diminutive gains held the dubious distinction of being West Texas Intermediate’s largest one-day percentage and dollar gain in a week.
January Brent crude LCOF5, -2.15% on London’s ICE Futures exchange fell $1.20, or 2%, to end at $59.86 a barrel. Brent extended its losing streak to a fifth session, and the settlement was the lowest for Brent since May 19, 2009.
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