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Oil reaches 3M high on Tuesday    

Oil reaches 3M high on Tuesday    

Mubasher: Oil futures rose at Tuesday’s settlement, recording its highest level in three months.

March Nymex WTI gained $0.50, or 0.9%, to close at $56.09 per barrel. 

The increase in prices stemmed from the reported progress on the US-China trade talks and the decline in the Saudi supplies.