Oil continued its climb to past highs on Tuesday amid reports that OPEC+ members are eyeing extensions to record production cuts. Major producer...
in May and June. The move brought must-needed relief to the market recently beset with flooded inventory and plummeting prices.
Crude prices remain well below the levels they enjoyed before Saudi Arabia and Russia kicked off a price war on March 6. While the two benchmarks have plenty of losses to retrace before a full rebound, both staged strong rallies through May as storage pressures eased and supply stabilized.
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