Oil prices jumped more than $1 on Tuesday, signalling a fourth consecutive session of gains as weak US shale output compounded supply concerns from extended production cuts by Saudi Arabia and Russia.
Global benchmark Brent crude futures were up $1.24, or 1.31 per cent, to $95.67 a barrel by 1308GMT. US West Texas Intermediate crude futures were up $1.92, or 2.1 per cent, to $93.40.
Prices have gained for three consecutive weeks, with both benchmarks reaching their highest since last year.
