Oil prices climb as Saudi Arabia commits to deeper production cuts
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MELBOURNE/SINGAPORE (Reuters) - Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June in a bid to help drain the glut in the global market that has built up as the coronavirus pandemic crushed fuel demand.Brent crude futures advanced 0.7%, or 22 cents, to $29.85 at 0650 GMT, after hitting an intraday high of $30.11 a barrel.U.S. West Texas Intermediate (WTI) crude futures were up 1.8%, or 44 cents, at $24.58 after touching an..