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Big Rally for Crude Futures

Stock quotes in this article: USO , OIL , COP , RDS.A , MEE , TSO  

Updated from 3:04 p.m. EST

The energy complex rallied Tuesday as traders bet that supply would tighten because of OPEC production cuts and declining stockpiles.

Nearby contracts for light, sweet crude added $2.96 to settle at $56.97 a barrel on the New York Mercantile Exchange. Natural gas futures rose 80 cents to $7.74 per million British thermal units.

Heating oil was up 9 cents at $1.64 a gallon, and gasoline was 8 cents higher at $1.52 a gallon. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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