Oil prices rose on Today morning in Asia, lifted by a statement from Saudi Arabia that production curbs led by the Organization of the Petroleum Exporting Countries (OPEC) and Russia will need to be extended into 2019.
Crude Oil WTI Futures for May delivery were trading at $65.02 a barrel in Asia at 1.12%. Brent crude? futures for may delivery, traded in London, were up 0.97% at $69.58 per barrel.
This week that the cuts were close to having the desired effect of reducing global inventories
to five year averages, although it gave little detail.