Oil Heads for Weekly Rise on Prospect of Tighter SupplySingapore, 17 Apr (ONA) — Oil prices today extended gains on
the prospect of tighter supply as some OPEC producers pledged further
output cuts to compensate for pumping above agreed quotas.
Brent crude futures rose 34 cents, or 0.5%, to $66.19 a barrel,
and US West Texas Intermediate crude was at $62.91 a barrel, up 44
cents, or 0.7%.
Both benchmarks settled 2% higher on Wednesday at their highest
levels since 3 April 2025 and are on track for their first weekly rise in
three.— Ends/Khalid
