Oil prices rise amid broad market rally, OPEC supply cuts

Singapore: Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC.

A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy.

US West Texas Intermediate (WTI) crude oil futures were at $56.97 per barrel at 0054 GMT, up 18 cents, or 0.3 per cent, from their last settlement.