Oil rises as OPEC aims deeper cuts

Oil prices rose more than $1 a barrel on Tuesday after OPEC said it was sticking to its agreement to cut production
and hoped compliance with the deal would be even higher.
OPEC Secretary General, Mohammad Barkindo, told
an industry conference in London that January
data showed conformity from participating OPEC
nations with output curbs above 90
per cent and oil inventories would decline further
this year.
“All countries involved remain resolute in the
determination to achieve a higher level of
conformity,” Barkindo said.
Benchmark Brent crude oil jumped 1.13 dollars a barrel
to a high  57.20 dollars  by 1410 GMT.