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WTI crude futures rally around $0.30/bbl as.....>

OIL
OIL: WTI crude futures rally around $0.30/bbl as Reuters reports that Saudi
Arabia and some other OPEC producers want to extend the current regime of oil
output cuts of near 10mln bpd until December, according to sources. The report
adds that Russia is yet to agree to an extension, with some participants
believing a recovery in demand later in the year may justify an easing of output
cut measures gradually.
- WTI crude futures trade at $32.44 at pixel.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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