Crude oil futures rose during mid-morning trade in Asia Dec. 4, extending overnight gains, as uncertainty over OPEC+ production plan abated after the alliance settled on a compromise deal that would see a gradual and deliberated increase in production quotas from 2021 onward. Receive daily email alerts, subscriber notes & personalize your experience. Register Now At 11 am Singapore time (0300 GMT), ICE Brent February contract was up 94 cents/b (2.05%) from the Dec. 3 settle to $49.65/b, while the January NYMEX light sweet crude contract was up 82 cents/b (1.8%) at $46.46/b. Prior to this, clarity over the OPEC+ production had also propelled the Brent market 0.95% higher on Dec. 3 to settle at its highest level since March 5, with the WTI marker also rising 0.80% to settle just a shade under its most recent high on Nov. 25. During its Dec. 3 […]