Oil price news: Oil holds near five-month high as OPEC+ reaffirms supply cuts

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Oil prices held near a five-month high as the market took a breather following a strong rally that has pushed Brent to the cusp of US$90.

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Oil price news: Oil heads for quarterly advance as OPEC+ holds the line on cutsOil climbed to head for a solid quarterly gain on expectations OPEC+ supply cuts would tighten the global market.
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Oil price news: Oil seals quarterly gain with OPEC+ curbs tightening marketOil scored a 16 per cent quarterly gain in the latest sign that export curbs by OPEC and its allies are reining in global supplies.
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Oil price news: Oil climbs toward US$90 as OPEC+ sticks with cuts and U.S. data dueOil climbed from a five-month high after an industry report pointed to a drawdown in US crude inventories, and as OPEC+ ministers affirmed current supply cuts.
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