West Texas Intermediate crude oil for May delivery rose 1.9% to $105.02 a barrel.
NEW YORK ( TheStreet) -- Crude oil prices continued to receive support from unrest in the Middle East and North Africa regions.
Grain prices ended the session lower amid technical profit-taking on a lack of fresh fundamental data. MaxYield Cooperative Karl Setzer, CTA Grain Solutions Team Leader said the action began last night and carried over into Tuesday's trading session. Corn for May delivery fell 0.3% to $6.84 1/2 a bushel as China denied purchasing U.S. corn. "Maps were released this morning that call for an abnormally cool spring across much of the Western Corn Belt," Setzer noted. "In all reality, this may actually be a benefit. The slower we see temperatures rise this spring, the lower the possibility of flooding ... soybeans being pressured today by thoughts we may see an increase to acres of that oilseed if we have delays to corn planting. " Soybeans for May delivery fell 0.07% to $13.62 a bushel.
Cotton prices rebounded Tuesday on forecasts of heavy rain in Australia, settling up 7 cents -- the exchange-imposed limit on daily trading.