Singapore : Brent crude oil rose for sixth day on Tuesday, passing $75 a barrel, on expectations that supplies will tighten because fuel is rising at the same time the United States 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 Nov. 27, 2014. Brent was still at $75 a barrel at 0311 GMT up 29 cents, or 0.4 percent, 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 percent from its 2018 low in February.
U.S. WTI crude futures were at $68.98 a barrel, up 34 cents, or 0.5 percent from their last settlement.
On Thursday, WTI rose to as high as $69.56, the most since Nov. 28, 2014.Markets have been lifted by supply cuts led by the OPEC which were introduced in 2017 with the aim of propping up the market.
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