Oil Climbs for Sixth Day on Supply Concerns, Brent Tops $80

Oil Climbs for Sixth Day on Supply Concerns, Brent Tops $80
An employee holds a sample of crude oil at the Yarakta oilfield, owned by Irkutsk Oil Co, in the Irkutsk region, Russia on March 11, 2019. Vasily Fedosenko/Reuters
Reuters
Updated:

TOKYO—Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support.

Brent crude futures gained $1.05, or 1.3 percent, to $80.58 a barrel at 0645 GMT, after reaching its highest since October 2018 at $80.75 earlier in the session. It surged 1.8 percent on Monday.