Oil prices firm as Saudi Arabia says OPEC may extend supply cuts - Reuters:
Oil prices rose 1 percent on Tuesday after Saudi Arabia said a deal between producers to withhold output could be extended beyond June to cover all of 2019.
The comments by Saudi Energy Minister Khalid al-Falih came despite pressure from U.S. President Donald Trump to raise output to make up for a supply shortfall expected from tightening U.S. sanctions against Iran.
Brent crude futures had risen to $72.72 per barrel by 1010 GMT, up 68 cents or 0.94 percent from their last close.
U.S. crude futures were at $64.10, up 60 cents or 0.95 percent.
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