U.S. oil benchmark jumps more than 3% to reverse Monday selloff

Oil traders bought the dip Tuesday, with crude futures rising sharply to erase a Monday selloff. West Texas Intermediate crude for September delivery rose $2.23, or 3.4%, to $68.71 a barrel on the New York Mercantile Exchange. Oil fell sharply Monday, dropping more than 4% at its session low, in a move blamed partly on worries about the spread of the delta variant of the coronavirus that causes COVID-19. Crude ended more than 2% lower Monday at a three-week low. 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.

U.S. oil benchmark jumps more than 3% to reverse Monday selloff
Oil traders bought the dip Tuesday, with crude futures rising sharply to erase a Monday selloff. West Texas Intermediate crude for September delivery rose $2.23, or 3.4%, to $68.71 a barrel on the New York Mercantile Exchange. Oil fell sharply Monday, dropping more than 4% at its session low, in a move blamed partly on worries about the spread of the delta variant of the coronavirus that causes COVID-19. Crude ended more than 2% lower Monday at a three-week low. 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.