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Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year. US West Texas Intermediate crude was up 31 cents, or 0.6 percent, at Usd 53.71 a barrel at 0218 GMT, after rising about 0.5 percent in a shortened session on Monday due to a US national holiday. Brent futures gained 6 cents, or 0.1 percent, to Usd 56.24 a barrel, after ending the previous session up 0.7 percent. Investors now hold more crude futures and options than at any time on record, after members of the Organization of the Petroleum Exporting Countries (OPEC) committed last year to cut production.
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