Oil rose on Tuesday above $75 a barrel to its highest since November 2014, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran. Brent crude, the global benchmark, hit its highest since OPEC on Nov. 27, 2014 turned its back on curbing output to support prices, a move that triggered a battle for market share and helped deepen a collapse to $27 in early 2016. Oil prices began to recover in 2016 as the Organization of the Petroleum Exporting Countries discussed a return to market management with the help of Russia and other non-members. A supply-cutting deal took effect in January 2017. Brent LCOc1 traded as high as $75.27, gaining for a sixth day, and was up 37 cents at $75.08 by 0845 […]