Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

EXPLAINED: Crude extends thursday s rally on report russia will extend its export cuts - The Real Truth

Oil United States Russia China EIA Iran Vortexa

October WTI crude oil (CLV23) this morning is up +1.36 (+1.63%), and Oct RBOB gasoline (RBV23) is up +3.00 (+1.17%).

Crude oil prices this morning are moderately higher, with crude rising to a 9-1/2 month nearest-futures high.  Crude prices extended Thursday's sharp gains on a report that Russia has agreed with OPEC+ on further output restrictions.  Bloomberg News reported Thursday that Russia will announce next week that it has agreed with OPEC+ on further cuts in its oil exports into October.  Russia has already announced a cut of 300,000 bpd of output cuts for September.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
They fell in love on The Simpsons and married in real life. Meet the French Homer and Marge
They have brought TV’s most famous cartoon couple to life in France for the last 38 years. Philippe Peythieu and Véronique Augereau tell all about working and living together for so long, still being lovebirds – and rarely arguing
The Guardian - UK
The Guardian - UK
Wisconsin man turns discarded roadside wood into all 32 NFL team logos after 700 hours of work
Ike Wynter, a Wisconsin wood artist, transformed discarded furniture into all 32 NFL team logos. His project, started in 2016, took over 700 hours to complete while attracting attention from the NFL. The logos were displayed at the 2025 NFL Draft held at Lambeau Field in Green Bay, Wisconsin. Wynter…
The Times of India
The Times of India
Thrift-Shop Pollock Dispute: $5 canvas fuels decades-long fight; experts reject attribution
A seemingly mundane oil painting bought for just $5 in California sparked a complex legal battle over its attribution. Teri Horton originally intended it as a gift but soon learned it might be linked to the renowned artist Jackson Pollock. Forensic tests revealed fingerprints associated with Pollock's studio while experts…
The Times of India
The Times of India
Stolen Painting Restored: de Kooning work found behind bedroom door; mystery thief remains
In 1985, the beloved artwork 'Woman-Ochre' by Willem de Kooning vanished from the University of Arizona Museum of Art. After three decades, its intriguing whereabouts were uncovered when antique dealers stumbled upon it behind a door in New Mexico. Following its recovery in 2019, the J. Paul Getty Museum meticulously…
The Times of India
The Times of India
63 Screenshots That Might Make You Lose All Faith In Men
Ask straight men about dating apps, and they’ll tell you it’s a ghost town — few matches, fewer replies. But step into a woman’s inbox, and it’s a completely different story. Instead of silence, women are flooded with unsolicited explicit photos, unprovoked aggression, and outright harassment. To show just how…
Bored Panda
Bored Panda
“Hottest Couple”: Man’s “Silly” Question Sparks Brutal Debate About What Bodybuilding Men Want In A Partner
“Why would she do anything to hurt the man who is way above her standards?” one user theorized as the internet debated the dating preferences of men who work out.
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play