Crude oil futures ended higher on Tuesday as lingering fears of gasoline shortages due to the outage at the largest US fuel pipeline system after a cyber attack brought futures back from an early drop of more than 1%. Besides, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for demand for its crude by 200,000 bpd and stuck to its prediction of a strong recovery in global oil demand this year as growth in China and the United States counters the coronavirus crisis in India.
Crude oil futures for June rose 36 cents or 0.6 percent to settle at $65.28 barrel on the New York Mercantile Exchange. July Brent crude gained 23 cents or 0.3 percent to settle at $68.55 a barrel on London's Intercontinental Exchange.