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The hike spree of oil market continued on Tuesday also. Supply cut expectations from OPEC and Canada’s mandatory output cut have supported the gains. Brent crude increased by 0.7%, at $62.09 per barrel. WTI crude climbed up by 0.8% and were traded at $53.35 per barrel. According to the traders, the 90-day treaty between US and China in the middle of their trade dispute has also supported the market.
