Oil rises over 1% on expectations of extended output cuts - Reuters:
Oil futures rose on Tuesday to their highest levels in almost six weeks on optimism that OPEC and other producing countries will agree to extend output cuts to support prices.
Brent LCOc1 was up 67 cents or 1.07% at $63.26 a barrel by 1305 GMT, while U.S. West Texas Intermediate (WTI) futures CLc1 were up 63 cents, or 1.09%, at $58.48 a barrel.
Brent reached its highest level since Aug. 1, while U.S. crude rose to its highest since July 31.
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