Oil jumps on report that OPEC will consider extending voluntary cuts. Asian demand strong ...Middle East

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WTI crude is higher by more than $1 after a Reuters report said OPEC+ will consider extending voluntary oil output cuts into Q2. More importantly, the report said the cuts could be kept in place until year end.The report cites three unnamed sources.Current cuts total 2.2 million barrels per day and Saudi Arabia has layered its own cuts on top of that. However the Saudis could gradually begin bringing back supply in April and that could be more of an X-factor for oil in the week ahead, when the decision is expected to be made.One source in the report said that extending the cuts into Q2 was 'likely' while two said a longer extension until year end was possible.For what it's worth, most alread

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