By Henning Gloystein
SINGAPORE (Reuters) - Oil prices rose on Tuesday, extending strong gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output.
U.S. West Texas Intermediate (WTI) crude futures
International Brent crude oil futures
Both crude benchmarks climbed by around 4 percent the previous session after Washington and Beijing agreed a truce in their trade disputes and said they would negotiate for 90 days before taking any further action.
It will also discuss policy with non-OPEC production giant Russia.
Helping OPEC in its efforts to rein in emerging oversupply was an order on Sunday by the Canadian province of Alberta for producers to scale back output by 325,000 bpd until excess crude in storage is reduced.
OPEC's biggest problem is surging production in the United States, where output has grown by around 2 million bpd in a year to more than 11.5 million bpd
(Reporting by Henning Gloystein; Editing by Joseph Radford)
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