Oil futures erase Monday selloff, end 2.7% higher

Oil futures rose Tuesday as investors appeared to shrug off worries about the spread of the delta variant of the coronavirus that causes COVID-19 and cheered U.S. Senate passage of a $1 trillion infrastructure package. West Texas Intermediate crude for September delivery rose $1.81, or 2.7%, to close at $68.29 a barrel on the New York Mercantile Exchange, fully erasing Monday's fall of $1.80 a barrel. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Oil futures erase Monday selloff, end 2.7% higher
Oil futures rose Tuesday as investors appeared to shrug off worries about the spread of the delta variant of the coronavirus that causes COVID-19 and cheered U.S. Senate passage of a $1 trillion infrastructure package. West Texas Intermediate crude for September delivery rose $1.81, or 2.7%, to close at $68.29 a barrel on the New York Mercantile Exchange, fully erasing Monday's fall of $1.80 a barrel. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.