LONDON (Reuters) -- Oil hit an 11-month high towards $57 a barrel on Tuesday as tighter supply and expectations of a drop in U.S. inventories offset concerns over climbing coronavirus cases globally.
Brent crude was 75 cents, or 1.4%, higher at $56.41 a barrel by 1022 GMT and earlier hit $56.75, the highest since last February. U.S. West Texas Intermediate (WTI) gained 86 cents, or 1.7%, to $53.11.