Oil rises for fifth day on expectations of extended output cuts - Reuters:
Oil futures rose slightly on Tuesday to their highest levels in almost six weeks on optimism that OPEC and other producing countries may agree to extend output cuts to support prices.
Brent LCOc1 was up 7 cents at $62.66 a barrel by 0840 GMT, while U.S. West Texas Intermediate (WTI) futures CLc1 were up 15 cents, or 0.6%, at $58.17 a barrel.
Brent earlier hit its highest level since Aug. 1, while U.S. crude rose to its highest since July 31.
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