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(Bloomberg) -- Oil rallied for a third day after OPEC+ agreed to the largest supply cut since 2020 and Russia warned it may reduce its own output even further. Meanwhile, Russia may impose a temporary production cut in response to efforts by the US and others to cap the price of Russian oil, Deputy Prime Minister Alexander Novak said. [Extracted from the article]

(Bloomberg) -- Oil extended its rally after OPEC+ agreed to the largest supply cut since 2020 and Russia warned it may reduce its own output even further. The oil market also drew support from a bullish US government report that showed crude, gasoline and distillate stockpiles declined, indicating tighter supplies and higher demand for oil products. [Extracted from the article]

(Bloomberg) -- Oil rallied after a report that Russia will advocate for OPEC+ nations to cut production, heightening supply concerns as deadlines to implement Russian fuel bans approach. A strengthening dollar and a reminder from Federal Reserve members that more rates hikes are likely in order to slow inflation tamped down the rally. [Extracted from the article]