Oil futures settled higher Tuesday, rebounding from a two-month low as a report from the Organization of the Petroleum Exporting Countries revealed forecasts for higher oil demand and lower production next year.On the New York Mercantile Exchange, August West Texas Intermediate crude CLQ6, -0.49% rose $2.04, or 4.6%, to settle at $46.80 a barrel. That was the highest finish since July 6, according to FactSet. September Brent crude LCOU6, -0.62% gained $2.22, or 4.8%, to $48.47 a barrel on the ICE Futures exchange in London.
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