Oil hits 11-month high near $57 as Saudi supply cut supports

Brent crude was up 59 cents, or 1.1%, at $56.25 a barrel by 1440 GMT after touching its highest since last February at $56.75. U.S. West Texas Intermediate (WTI) gained 47 cents, or 0.9%, to $52.72.

from Commodities-Markets-Economic Times
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