Bullionguru’s,”Oil extends gains as Saudi pledges export curbs”

© Reuters. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary

Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with production cuts to help rein in global oversupply and tackle flagging prices.

Gains were also supported by a warning from Halliburton’s executive chairman that the growth in North American rig count was “showing signs of plateauing,” clouding a boom in U.S. shale oil production.

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