Oil futures settled 4% higher on Tuesday, as news that the U.S. will delay tariffs on some Chinese products to Dec. 15 and continue talks with China helped to ease global economic worries, boosting demand prospects for crude. “Looking ahead though, the outlook for oil remains neutral at best right now as global growth concerns remain the single biggest headwind for energy and the refined products as analysts are raising expectations that the energy market becomes oversupplied in the coming [six to] 18 months,” said Tyler Richey, co-editor at Sevens Report Research. September West Texas Intermediate oil CLU19, +3.86% rose $2.17 to settle at $57.10 a barrel on the New York Mercantile Exchange. That was the highest finish for a front-month contract since July 31, FactSet data show.