Oil prices buoyed by OPEC+ confidence, traders await storage data

Oil prices buoyed by OPEC+ confidence, traders await storage data

Oil futures pushed higher Wednesday, finding support after the Organization of the Petroleum Exporting Countries and its allies stuck with plans to continue gradually easing production curbs, signaling confidence in the demand outlook despite a surge in COVID-19 cases in India.

West Texas Intermediate crude for June delivery

CL00, +1.21%



CLM21, +1.21%

rose 54 cents, or 0.9%, to $63.48 a barrel on the New York Mercantile Exchange. June Brent crude

BRNM21, +0.99%,

the global benchmark, rose 45 cents, or 0.7%, to $66.87 a barrel on ICE Futures Europe. July Brent

BRN00, +1.11%



BRNN21, +1.11%,

the most actively traded contract, was up 52 cents, or 0.8%, at $66.39 a barrel.

OPEC and its allies, a group known as OPEC+, decided Wednesday to stick with a plan to gradually relax output curbs beginning next