NEW YORK: Oil prices settled higher on Tuesday, with Brent hitting above US$71 and trading at its highest since March, on expectations for growing fuel demand during the summer driving season in the United States as OPEC+ agreed to boost output.
Brent crude futures for August settled up 93 cents, or 1.3%, to US$70.25 a barrel after hitting $71 earlier in the session - its highest intra-day price since March 8.
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