Crude-oil futures reversed earlier losses Monday, rising for a fourth straight session as U.S. home sales data and an upbeat economic report from China reinforced economic recovery hopes. U.S. pending home sales index rose 3.2% in March, the National Association of Realtors reported. Meanwhile, China's Purchasing Manager's Index climbed for a second straight month in April. The U.S. and China are the world's two biggest oil consumers. Crude for June delivery gained 66 cents, or 1.2%, to $53.86 a barrel on the New York Mercantile Exchange. It earlier fell more than 1% to as low as $52.56.
