Oil prices rebounded during Tuesday’s trading to tally a gain of more than 9% over the past three trading sessions.Analysts attributed the turnaround to a weaker U.S. dollar, violence in Ukraine and the Middle East and volatility tied to crude options expiration.
On the New York Mercantile Exchange, crude futures for delivery in March CLH5, -0.43% settled at $53.53 a barrel, up 75 cents, or 1.4%, from Friday’s settlement.
Brent crude for April delivery LCOJ5, -0.37% settled $1.13, or 1.8%, higher at $62.53 a barrel on London’s ICE Futures exchange.
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