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US crude oil futures settled 0.57% higher at $86.53 per barrel on Tuesday, a gain of 49 cents, according to First Squawk. The modest advance extends the contract's climb and keeps prices near recent highs. The move matters because crude benchmarks feed directly into fuel costs and broader inflation readings. Traders will watch whether the market can hold above the $86 level or whether the rally stalls.

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US crude oil futures