Business Insider | Oil Prices Extend Gains on Lower US Production Wall Street Journal Crude oil prices climbed higher in Asia trade Tuesday on signs of ebbing U.S. production and increasing willingness among the major oil producers to collectively jumpstart the market amid the prolonged price slump. On the New York Mercantile Exchange, ... Crude oil is up 4% Oil futures mark highest settlement in 5 weeks US oil settles up 4.9%, at $48.53 a barrel |