Reuters | Oil rises modestly in tight trade, boosted by OPEC hopes Reuters Crude futures were initially bolstered after sources said the Organization of the Petroleum Exporting Countries (OPEC) may consider extending its oil supply-reduction pact with non-members and might even apply deeper cuts if global crude inventories ... US crude settles at $53.36, up 25 cents, as OPEC signals possible output deal extension Frenzied Betting, Sleeping Market: Something Must Give in Oil Oil ends higher on talk of output cut extension |