NEWSPLUS 0054 GMT — Oil prices are higher in early Asian trade amid supply tightness and better demand outlook. Front-month WTI gains 0.2% at $90.96/bbl and Brent is 0.1% higher at $94.04/bbl. Saudi Arabia and Russia’s decision to extend production cuts to the end of the year has created a very tight market, Craig Erlam, analyst at Oanda says in a research note.
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