Oil Pushes Closer to $95 a Barrel as Global Market Tightens Up

(Bloomberg) — Oil extended an upswing as OPEC+ supply cuts tightened the market, with Saudi Energy Minister Prince Abdulaziz bin Salman due to address a conference on the kingdom’s crude policy and view on net zero.

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Global benchmark Brent advanced above $94 a barrel after a three-week run of gains that boosted prices by 11%. With Saudi Arabia and Russia prolonging supply curbs to the year-end, Prince Abdulaziz is set to be among keynote speakers at the World…