3/21, 1:49 PM (Source: TeleTrader)
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Crude prices reverse course, WTI up 1.5%

Crude prices for front month deliveries turned upward on Tuesday as the turmoil in the financial sector receded, seemingly allaying worries about a potential recession.

Investors will also keep an eye on crude inventory data slated for release by the American Petroleum Institute (API) later today, while closely watching the Federal Reserve's meeting.

For settlements in May, West Texas Intermediate (WTI) rose 1.61% to $68.86 per barrel at 8:36 am ET. Brent gained 1.25% to sell at $74.78 per barrel.

Baha Breaking News (BBN) / AB