Oil prices rise on OPEC+ discipline, strong demand outlook By Reuters – Investing.com

Oil prices rise on OPEC+ discipline, strong demand outlook By Reuters – Investing.com

By Sonali Paul

MELBOURNE (Reuters) - Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously return oil supply in June and July while expecting fuel demand to rebound strongly during the U.S. summer.

U.S. West Texas Intermediate (WTI) crude futures rose 32 cents, or 0.5%, to $68.05 at 0201 GMT, extending a 2.1% gain following the Memorial Day holiday in the United States on Monday. Prices rose to their highest since October 2018.