Brent futures for June rose above US$91 a barrel before settling up US$1.30, or 1.5%, to US$90.65. US West Texas Intermediate (WTI) futures for May settled up US$1.16, or 1.4% to US$86.59 a barrel.
NEW YORK: Oil prices extended gains on Thursday, settling up more than US$1 as geopolitical tensions and output cuts outweighed caution about US Federal Reserve rate cuts.
Brent futures for June rose above US$91 a barrel before settling up US$1.30, or 1.5%, to US$90.65. US West Texas Intermediate (WTI) futures for May settled up US$1.16, or 1.4% to US$86.59 a barrel.
