Oil firms on expectations Opec will stick with supply cuts
The cartel is considering rolling over cuts into April instead of hiking output
04 March 2021 - 08:59
Singapore — Oil prices rose for a second straight session on Thursday, as the possibility that oil cartel Opec and allied producers (Opec+) might decide against increasing output at a key meeting later in the day lent support, alongside a drop in US fuel inventories.
Brent crude futures added 61 US cents, or 1%, to $64.68 a barrel, as of 4.28am GMT, after climbing more than 2% on Wednesday. US West Texas Intermediate (WTI) crude futures gained 28c, or 0.5%, to $61.56 a barrel...
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