Oil heads for quarterly advance as OPEC+ holds the line on cuts

Brent for May settlement, which expires Thursday, added 0.4% to $86.42 a barrel.

Oil climbed to head for a solid quarterly gain on expectations

’s cuts of 2 million barrels a day have been extended to the end of June, underpinning expectations that global stockpiles will shrink. Ahead of a review meeting next week, delegates saw no need to recommend any changes as quotas were proving effective, according to several officials.

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