Benchmark U.S. crude crossed the $101 per barrel level early Tuesday, with Brent Crude at slightly below at $100 per barrel.
In earnings news, Target shares jumped after the retailer boosted its profit and sales forecast for 2022 after posting an 8.9% jump in same-store sales while noting 95% of fourth-quarter sales took place in stores. This follows Walmart's solid forecast last month. Kohl's also lifted 2022 projections, those shares rose as well.
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