Both crude oil benchmarks stay above US$50/bbl on Tuesday, following the rally overnight as Russia announced it is ready to join output freeze or cut. The front-month WTI contract soared to a 4-month high of US$51.6/bbl before ending the day at US$51.35/bbl, up +3.09%. The Brent crude contract jumped to a 1-year high of US$53.73/bbl before settling at US$53.14/bbl, up +2.33%.
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