Reuters | Oil advances on talk of extension to OPEC cuts, inventories weigh Reuters OPEC sources have indicated that its members increasingly favor extended production cuts but want the backing of non-OPEC oil producers, such as Russia, which have yet to deliver fully on existing reductions. "We think it is very unlikely that Russia ... Futures suggest a higher open on Wall Street as oil prices rebound Oil May Be the Key to the Reflation Rally Crude oil gains amid cautious optimism for OPEC production-cut extension |