Melbourne/Singapore — Oil prices climbed on Tuesday, boosted by increasing faith in the market that producers will to stick to commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns are eased around the world.
US West Texas Intermediate (WTI) crude futures gained 3.2%, or $1.06, to $34.31 a barrel up to 4.29am GMT, just off an intraday high of $34.33. There was no WTI settlement on Monday because of the US Memorial Day holiday...
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