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Oil futures rose on Tuesday, following an unexpected commitment from Saudi Arabia to deepen production cuts by 1 million barrels per day (bpd) in June. Consequently, Brent crude futures climbed to a high of $30.11 a barrel and were up 0.9%, or 28 cents, at $29.91. The benchmark fell $1.34 on Monday. WTI crude futures were up 1%, or 24 cents, at $24.38 after touching a high of $24.77.