Oil Price Rises On Supply Cuts

Brent crude futures rebounded $3.46, or 4.1%, to $88.60 a barrel by 0915 GMT. US West Texas Intermediate crude was up 4.3%, or $3.39, at $82.88

Prices also drew support from analyst expectations of possible supply cuts from the Organization of the Petroleum Exporting Countries and allies (OPEC+)

US light crude was up 46 cents or 0.8 per cent at $57.27, just shy of this week's more than two-year high of $57.69 a barrel