Oil Updates — crude rebounds on speculations of OPEC+ supply cuts

RIYADH: Crude prices went up on Wednesday after US fuel supplies tightened and a warning from the Saudi energy minister to speculators raised the prospect of further output cuts from the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+.  

Brent crude futures rose 56 cents, or 0.73 percent, to $77.40 a barrel at 11 a.m. Saudi time, while the US West Texas Intermediate crude gained 65 cents, or 0.89 percent, to $73.56 a barrel.