The front-month WTI crude oil contract has jumped over +2% in Asia Tuesday, catching up with Brent crude oil’s rally after the Labor Day holiday. The front-month Brent crude oil contract rose +1.71% on Monday and has been up around +0.4% so far today. Optimism in the oil market is boosted by the pledge, jointly announced by Russia and Saudi Arabia, to stabilize oil prices through production freeze.
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