# Oil prices climb as faith in supply cuts grows - The Express Tribune

> Oil prices rose on May 26 as confidence grew that OPEC+ producers are sticking to output cuts and that fuel demand is recovering with lockdowns easing. Brent gained about 1.4% to near $36 and WTI rose about 2.6% to near $34. Russia said its output had nearly reached its May-June target, and OPEC+ plans to meet in early June.

- Date: 2020-05-26 · published 2020-05-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/53310-oil-prices-climb-as-faith-in-supply-cuts-grows-the-express-tribune
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Adherence to cuts and returning fuel demand support crude prices, which lifts diesel and freight costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Sources

- tribune.newspackstaging.com: https://tribune.newspackstaging.com/2020/05/26/oil-prices-climb-faith-supply-cuts-grows/
- oilandgas360.com: https://www.oilandgas360.com/oil-prices-climb-as-faith-in-supply-cuts-grows/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.