Oil prices climb as OPEC extends cuts, but demand worries persist - Reuters

Oil prices climb as OPEC extends cuts, but demand worries persist - Reuters:

Oil gained on Tuesday as producer club OPEC agreed to extend supply cuts until next March, although prices were pressured by worries demand could ease amid hints of a slowdown in the global economy.

Brent crude futures LCoc1 for September delivery were trading up 17 cents, or 0.3%, at $65.23 a barrel by 0706 GMT, after earlier falling to $64.66.

U.S. crude futures for August CLc1 were up 9 cents at $59.18 a barrel, after touching their highest in over five weeks on Monday.