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Oil Market Update
Crude-oil futures bounced back Tuesday ahead of the release of weekly U.S. oil inventory data, after hitting fresh multi-year lows on oversupply concerns.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG5, -0.98% settled up 51 cents, or 1%, at $54.12 a barrel, snapping a three-session losing streak.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG5, -0.98% settled up 51 cents, or 1%, at $54.12 a barrel, snapping a three-session losing streak.
Platinum Market Update
In other metals trading, platinum for April delivery PLJ5, -0.14% rallied $16.60, or 1.4%, to settle at $1,219.30 an ounce. Palladium for March delivery PAH5, +0.30% declined $7.80, or 1%, to settle at $804.20 an ounce.
High-grade copper for March delivery HGH5, -0.05% rose 3 cents, or 1.1%, to settle at nearly $2.86 a pound. Copper futures recently fell to their lowest level since June 2010.
High-grade copper for March delivery HGH5, -0.05% rose 3 cents, or 1.1%, to settle at nearly $2.86 a pound. Copper futures recently fell to their lowest level since June 2010.
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