U.S. crude stockpiles probably rose last week: survey Oil closed above $66, rising for the sixth time in seven sessions amid hints that OPEC may further extend its output cuts. Futures fluctuated between gains and losses during the session on Tuesday before closing higher. Geopolitical tension from Syria to Saudi Arabia, which led to a higher risk premium in the market last week, is now deflating. Investors are also gearing up for a Friday producer meeting in the midst of comments from Kuwait that OPEC and allied producers will discuss prolonging their deal to reduce output into 2019. “Some of the geopolitical risk we priced in last week because of the concerns about what was happening in the Middle East seems to be slowly ebbing out of the market, ” said Gene McGillian, a market research manager at Tradition Energy in Stamford, […]