Oil Prices Rise As Producers Stick To Supply Curbs

Oil prices hit a one-year high early on Tuesday on the back of improving market fundamentals and a general risk-on market sentiment. As of 10:08 a.m. ET on Tuesday, WTI Crude was up by 2.45 percent at $54.85, after hitting $55 earlier in the day, and Brent Crude was trading up 2.32 percent at $57.65.   Oil prices on Tuesday extended their gains from Monday, amid expectations that the oil production curbs by OPEC+ and its leader Saudi Arabia would tighten the market in the first quarter. Saudi Arabia has said it would reduce its crude oil production…