CNBC | US oil settles up $1.11, or 3.66%, at $31.45 per barrel CNBC Oil prices rose more than 6 percent on Tuesday, sending both Brent and U.S. crude above $32 a barrel, on hopes OPEC and non-OPEC producers were inching closer to a deal to reduce output in the face of one of the biggest supply gluts in decades. Oil prices to stay near current level throughout 2016, World Bank says Canadian dollar up more than a penny after uptick in oil prices Oil surges on hopes for output cuts to trim glut |