NYMEX WTI futures retreated Monday, but the rest of the oil complex climbed as the market weighed the impact of a nearly 10 million b/d OPEC+ supply-cut agreement against grim global demand outlooks. Receive daily email alerts, subscriber notes & personalize your experience. Register Now ICE June Brent settled 26 cents higher at $31.74/b, while NYMEX May WTI was down 35 cents on the day at $22.41/b. On Sunday, the 23-member OPEC+ alliance agreed to collectively cut production by 9.7 million b/d in May and June, followed by a 7.7 million b/d reduction in the second half of 2020 and 5.8 million b/d from January 1, 2021, through April 30, 2022, in a landmark deal aimed […]