Oil, stocks rise as longer supply cuts expected

Amman, Oil prices rose on Tuesday in line with firmer financial markets and bolstered by expectations that producer group OPEC and its allies will keep withholding supply, according to Reuters.

Front-month Brent crude futures were at $62.56, up 27 cents, or 0.4%, from Monday’s closure.

U.S. West Texas Intermediate (WTI) crude futures were at $53.75 per barrel, 49 cents, or 0.9%, above their last settlement.

Source: Jordan News Agency