Oil prices jumped over 1% on Tuesday to fresh 10-month highs, as weak US shale output compounded supply concerns from extended production cuts by Saudi Arabia and Russia.
Global benchmark Brent crude futures were up $1.02, or 1.1%, to $95.45 a barrel by 10.52am EDT (1452 GMT). It hit a session high of $95.96 a barrel, the highest since November.
US West Texas Intermediate crude futures were up $1.30, or 1.4%, to $92.78, after reaching $93.74 a barrel, also the highest since November.
