Oil prices rose on Tuesday, supported by a falling US dollar and Saudi Arabia saying it would adhere to Organisation of the Petroleum Exporting Countries (Opec)’s commitment to cut output.
The dollar fell by 0.6 percent against a basket of currencies on Tuesday after US President-elect Donald Trump said the strong greenback was hurting US competitiveness. Brent crude futures, the international benchmark for oil prices, were up 76 cents at $56.52 a barrel by 14:51 GMT, having risen earlier by more than $1 to a session high of $56.95 a barrel.
US West Texas Intermediate (WTI) crude futures were up