Oil scores biggest one-day gain in 3 weeks on Mideast tensions

Oil futures rallied on Tuesday, with the U.S. benchmark scoring its largest one-day gain in three weeks as tensions between Turkey and Russia raised concerns over the possibility of disruptions to energy output in the region.

On the New York Mercantile Exchange, January West Texas Intermediate crude CLF6, +0.02%  climbed by $1.12, or 2.7%, to settle at $42.87 a barrel. The increase was the largest single session percentage and dollar gain since Nov. 3. The settlement, meanwhile, was the highest since Nov. 11.

Brent crude LCOF6, +0.24%  rose $1.29, or 2.9%, to $46.12 a barrel on London’s ICE Futures exchange.

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