Prices supported by expectation of extended cuts

摘要

1.Crude prices rose amid expectations that Opec and its non-Opec partners will extend December’s production cut agreement.Atlantic basin benchmark North Sea Dated rose by $2.93/bl to $69.72/bl in the week to 4 April,while US marker WTI climbed by $2.80/bl to $62.10/bl.2.Prices in Asia-Pacific were supported as refineries in the region emerged from maintenance.June-loading Russian light Sokol traded at a premium of $3.55/bl to benchmark Dubai,up from a premium of $2.65/bl for May-loading Sokol.