Oil rises on signs of output cuts and demand hopes
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LONDON (Reuters) - Oil prices rose on Tuesday amid signs that producers are cutting output as promised and on signs of increasing demand as more countries ease out of curbs imposed to counter the coronavirus pandemic. Benchmark Brent crude was up 42 cents or 1.2% at $35.23 a barrel by 1411 GMT.The front-month contract for U.S. West Texas Intermediate crude , which is set to expire on Tuesday, was up $1.03, or 3.2%, at $32.85 a barrel. The July contract , which was trading at vastly higher..