Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April
Brent crude futures for May rose 83 cents, or 1.2%, to $67.57 a barrel at 0609 GMT
OPEC's leader Saudi Arabia said it would extend its voluntary oil output cut of 1 million barrels per day (bpd), and would decide in coming months when to gradually phase it out
Recalls India's support to oil producing nations when global demand collapsed last May, and OPEC's promise to sustain normal supply when things got better
Retail petrol and diesel prices have been going through the roof
OPEC Secretary General Mohammad Barkindo said the outlook for oil demand was looking more positive, particularly in Asia
OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to reductions agreed to under the previous OPEC+ pact
OPEC+ will have an important say in how the oil supercycle plays out. Oil prices are now at a level that could bring at least the smaller US operators back and even start to tempt renewed longer-cycle
IEA projection of rising demand for oil adds to New Delhi's worry
Russian Deputy Prime Minister Alexander Novak has voiced support for a gradual increase in oil output amid improving demand
Brent crude gained 17 cents to $58.63 a barrel
The market was further bolstered by news that Democrats in the US Congress took the first steps toward advancing President Joe Biden's proposed $1.9 trillion coronavirus aid plan
Brent oil prices rose to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers
Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady
An internal OPEC document, suggested a 0.5 million bpd cut in February as part of several scenarios considered for 2021
Oil prices edged down before deadlocked talks between major producers about potential changes in February output are set to continue later in the day
Oil prices were little changed after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new Covid-19 lockdowns
OPEC+ will resume talks after reaching a deadlock over February oil output levels as Saudi argued against pumping more due to new lockdowns while Russia led calls for higher production
Oil prices touched multi-month highs on expectations that OPEC and allied producers may cap output at current levels in February as the pandemic keeps worries about first-half demand elevated
Demand will rise by 5.90 million barrels per day (bpd) next year to 95.89 million bpd, the Organization of the Petroleum Exporting Countries said in a monthly report