PANDIT JI CRUDE OIL NEWS FORECAST::

PANDIT JI CRUDE OIL NEWS FORECAST::

Oil prices rose on Tuesday after a report from OPEC confirmed that top exporter Saudi Arabia had cut production to avert looming oversupply.

Front-month Brent crude oil futures (LCOc1) were at $72.87 per barrel at 0111 GMT, up 26 cents, or 0.4 percent, from their last close.

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