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London — Oil climbed to the highest level since early March in London on Tuesday as indications of an economic recovery from the coronavirus pandemic helped drive a rally in commodities.

Both Brent and West Texas Intermediate crude futures jumped more than 2% on Tuesday. EU leaders agreed on an unprecedented stimulus package to pull their economies out of the worst recession in memory. At the same time, European regulators are eyeing a potential approval of the first Covid-19 vaccine in 2020, further adding to the positive sentiment...

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