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April 13, 2021, 2:41 p.m. EDT

U.S. oil futures settle back above $60 a barrel

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By Myra P. Saefong

Oil futures gained on Tuesday, with U.S. prices back above the $60 mark, following a climb in March Chinese imports and a stronger 2021 oil-demand forecast from the Organization of the Petroleum Exporting Countries. May West Texas Intermediate crude rose 48 cents, or 0.8%, to settle at $60.18 a barrel on the New York Mercantile Exchange. That was the first front-month contract finish above $60 since April 1, FactSet data show.

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