The S&P 500 climbed up 0.3% on Tuesday to close at another record high of $2,496.
Europe and US may push global oil demand to the highest point since 2015.
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The pound rose further against the dollar to a fresh high of the year on the stronger-than-expected inflation ahead of BOE policy decision on Thursday.
Asian markets continued higher on Tuesday, but the rally slowed somewhat. Still, there was an air of confidence from investors