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Oil prices climbed on the back of OPEC-led supply cut and US sanctions, to hit 2019 highs. International benchmark Brent crude rose 0.5% and was priced at $64.91 a barrel. US WTI crude futures climbed 0.6% and were traded at $54.74 per barrel. OPEC and other producers decided last year to cut crude output by a joint 1.2 million bpd to prop up prices.