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Oil prices were up about $1 a barrel on Tuesday on expectations that major producers will agree to extend output cuts during a video conference likely to be held this week and as countries and US states begin to restart after coronavirus lockdowns. Brent crude rose 2.7% to $39.36 and WTI climbed 2.5% to $36.31. Prices have risen sharply in recent weeks buoyed by a continuing recovery in China.
