Offshore

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.
Photo: Eric Gay/AP/Ritzau Scanpix
Photo: Eric Gay/AP/Ritzau Scanpix
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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