(Bloomberg) — Oil rose past $36 a barrel as investors eyed a potential extension of record production curbs by OPEC+ while physical markets continued to show signs of tightness.Futures in New York rose around 2.8%. Saudi Arabia favors keeping the curbs — which are set to start easing from July — in place for an extra one to three months, a delegate said. Any changes to the deal between the Organization of Petroleum Exporting Countries and allies will hinge on negotiations between Moscow and Riyadh, with Russia expected to make a decision on its OPEC+ position on Tuesday.The market for …read more
Source:: Yahoo Finance
