Oil prices fluctuate Tuesday after a series of explosions in Brussels, Belgium. Official data showed that at least 34 people were killed in explosions at a Brussels airport and on a city subway train Tuesday.
Oil prices fell more than 1 percent after the news, then recovered most of the loss as market saw the crude supply glut to ease. The U.S. Energy Information Administration is scheduled to release a weekly report of crude inventories Wednesday.
Traders expected to see U.S. crude output continue to contract. Abdallah Salem el-Badri, secretary-general of the Organization of the Petroleum Exporting Countries (OPEC), said Monday that 15 to 16 countries from OPEC and non-OPEC will meet on April 17 in Doha, Qatar, to discuss the output freeze.
The West Texas Intermediate for May delivery moved down 7 cents to settle at 41.45 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery increased 25 cents to close at 41.79 dollars a barrel on the London ICE Futures Exchange.
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