Reuters | Oil rises as investors expect output cut extension next week Reuters Brent crude LCOc1 was up $1.02 at $53.53 at 1:22 p.m (1722 GMT) while U.S. benchmark crude oil CLc1 was up 94 cents at $50.29. Both benchmarks slipped back from session highs after a report that U.S. energy companies added oil rigs again in the latest ... OPEC panel looking at deepening, extending oil cuts: Sources Oil tops $50 on optimism ahead of OPEC's meeting Full tanks and tankers: a stubborn oil glut despite OPEC cuts |