Crude oil prices climbed higher on Tuesday, lifting the most active oil futures contract to a positive close for the first time in three days.
The dollar's decline after data showed a drop in U.S. retail sales and a dip in industrial production in the month of June, supported oil prices.
West Texas Intermediate Crude oil futures for August ended higher by $1.60 or about 2.2% at $75.75 a barrel.
Brent crude futures were up $1.06 or about 1.35% at $79.56 a barrel.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.