Oil futures settled higher Tuesday amid improved demand growth outlooks and expectations of a continued drawdown in US crude stocks. ICE September Brent settled up $1.01 at $64.72/b and NYMEX September WTI was $1.18 higher at $58.05/b at market close. A stronger-than-expected US consumer confidence report supported prices Tuesday. The Conference Board Consumer Confidence Index moved to 135.7 in July from 124.3 in June. The index was just shy of an 18-year high of 137.9 seen in October 2018.
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