Crude oil gained as investors weighed bearish comments from Iran concerning an extension to the output-cut agreement against a drop in global oil supplies.
All OPEC and non-OPEC oil producers including Russia are committed to supply cuts until the end of the year, UAE Energy Minister Suhail Mohamed al-Mazrouei said.
U.S. drillers added five rigs drilling for new production, bringing the total to 820, the highest since March 2015.
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