A section of new oil pipe sits at a construction site of the Druzhba crude oil pipeline, operated by Transneft PJSC, near Samara. (Photographer: Andrey Rudakov/Bloomberg)

Oil Rises as OPEC Extends Supply Cuts, Overcoming Demand Jitters

(Bloomberg) -- Oil closed higher to finish a roller-coaster trading session, as an OPEC agreement to extend output curbs outweighed troubling economic data.

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