NEW YORK: Oil hit an 11-month high just below $57 a barrel on Tuesday 12 Jan 2021, bolstered by Saudi Arabia’s plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand. Brent crude went up 92 cents, or 1.7%, to $56.58 a barrel, its highest level since last February at $56.75. U.S. West Texas Intermediate …