Oil futures finish higher Tuesday, with the global benchmark briefly tapping a session high near the $80-a-barrel threshold, as strikes by workers in Norway and Gabon added to global production outages. August West Texas Intermediate crude tacked on 26 cents, or nearly 0.4%, to settle at $74.11 a barrel on the New York Mercantile Exchange. September Brent crude the global benchmark, climbed by 79 cents, or 1%, to $78.86 a barrel on the ICE Futures Europe exchange, after climbing to as high as $79.51. During a meeting last month, the Organization of the Petroleum Exporting Countries and other major producers agreed to lift output globally by 1 million barrels a day to help counteract lost barrels from Venezuela and Iran, where the U.S. has pulled out of a nuclear agreement and threatened to reimpose sanctions targeting Tehran’s oil exports. Oil pared some of their earlier losses after news reports, citing an interview with Sky News Arabia, said U.S. Secretary of State Mike Pompeo suggested he will issue some waivers on U.S. sanctions on Iranian oil. (Source: marketwatch)