Benchmark Brent was at $56.56, up 1.62% on the day, while U.S. crude recently rose 1.76% to $53.17 per barrel.
NEW YORK: Oil prices hit their highest in nearly a year on Tuesday on lower supply bets and Treasury yields tightened from 10-month highs after strong demand at an auction.
Stocks, meanwhile, edged higher, led by Asia, with eyes on U.S. earnings and U.S. President-elect Joe Biden's inauguration next week.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
