Oil extends gains after OPEC+ takes flexible stance on supply

Oil extended gains in Asian trading after the OPEC+ alliance decided to keep restoring supply, but also said it could revisit the decision at any moment due to high levels of uncertainty in the market.

By Saket Sundria, Bloomberg News

West Texas Intermediate crude climbed above USD 67 a barrel after closing higher on Thursday following the decision by OPEC+ to keep restoring supply. The cartel agreed to add 400,000 barrels a day of crude to global markets in January in a move that should please major-consuming nations, especially the US.

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