Crude-oil futures rebounded on Tuesday, with prices for Brent leading the charge higher as violence in Libya and concerns surrounding Iran’s nuclear program raised risks to global oil supplies.
Crude-oil futures for delivery in April CLJ5, +0.02% settled at $50.52 a barrel, up 93 cents, or 1.9%, on the New York Mercantile Exchange.
Brent crude for April delivery LCOJ5, -0.51% on London’s ICE Futures exchange rose $1.48, or 2.5%, to end at $61.02 a barrel.
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