BNN | Oil rises more than 2% as OPEC cut extensions likely BNN Oil prices rose more than 2 per cent on Wednesday as U.S. crude inventories grew less than expected, supply disruptions continued in Libya and the OPEC-led output cut by producing countries looked likely to be extended. U.S. crude futures surged to ... Oil rises 2 percent as supplies seen tightening US drillers buy protection against low oil prices, showing OPEC cuts are 'backfiring' Oil Traders Warn There's a Supply Crunch Looming |