Oil extends gains as Opec+ output cuts commence

Smaller than expected rise in US crude inventories also provides support to prices

Strong start: oil prices rose in early Asian trade with Opec+ production cuts set to commence on Friday — Strong start: oil prices rose in early Asian trade with Opec+ production cuts set to commence on FridayPhoto: AFP/SCANPIX

Reuters

production USA Stephen Innes EIA Opec

Published 1 May 2020, 02:59Updated 1 May 2020, 02:59