Oil rose the most in more than three weeks as Russian producers met with Energy Minister Alexander Novak to discuss the possibility of delaying an easing of OPEC+ output cuts by three months. U.S. benchmark crude futures gained 2.9%, bouncing back from an abrupt plunge to a five-month low earlier in the session. The OPEC+ alliance, led by Russia and Saudi Arabia, was already considering postponing the supply increase planned for January as crude prices faltered amid renewed lockdown measures. “The move higher was helped by reports that Russia was open to delaying the OPEC+ cuts,” said Ryan Fitzmaurice, commodities strategist at Rabobank. “More importantly though, today’s move also suggests there is strong investor appetite to own oil sub-$40 a barrel.” Futures had earlier sold off amid the double whammy of rising Libyan supply and a dwindling demand […]