Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia's pla...
LONDON - Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia’s plan for further voluntary supply curbs in April and by a cut in oil exports from Venezuela due to a power outage.
Brent crude, the global benchmark, rose by 70 cents to $67.28 a barrel at 0958 GMT. U.S. West Texas Intermediate crude added 57 cents to $57.36. Crude has rallied this year after the Organizaton of the Petroleum Exporting Countries and its allies including Russia, a group known as OPEC+, returned to supply cuts as of Jan. 1.
A host of involuntary supply curbs in OPEC members caused by unrest in Libya, and U.S. sanctions on Iran and Venezuela, have also helped to boost prices.
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