Oil rises as Opec+ mulls extending output cuts


Brent crude futures rose US$1.12, or 1.4%, to US$83.65 a barrel, while US West Texas Intermediate crude futures (WTI) were up US$1.29, or 1.7%, at US$78.87.

HOUSTON: Oil prices rose more than US$1 a barrel on Tuesday as sources said Opec+ is considering extending voluntary oil output cuts into the second quarter to provide additional support.

Brent crude futures rose US$1.12, or 1.4%, to US$83.65 a barrel, while US West Texas Intermediate crude futures (WTI) were up US$1.29, or 1.7%, at US$78.87.

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