Singapore — Brent crude oil rose for sixth day on Tuesday, passing $75 a barrel, on the expectation that supply will tighten because fuel is rising at the same time the US may impose sanctions against Iran and Opec-led output cuts remain in place. Brent crude oil futures climbed to as high as $75.20 a barrel in early trading on Tuesday, the highest since November 27, 2014. Brent was still at $75 a barrel at 3.11am GMT up 29c, or 0.4%, from its last close. Brent’s six-day rising streak is the most since a similar string of gains in December and it is up by more than 20% from its 2018 low in February. US West Texas Intermediate (WTI) crude futures were at $68.98 a barrel, up 34c, or 0.5% from their last settlement. On Thursday, WTI rose to as high as $69.56, the most since November 28 2014. Markets have been lifted by supply cuts led by oil cartel Opec, which were introduced in 2017 with the aim of propping up the market. The potential of renewed US sanctions against Iran is also push...
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