Reports that OPEC+ is working on a deal to extend some oil production cuts into 2025

A report overnight said that OPEC+ is working on a deal that will allow the group to extend some of its deep oil production cuts into 2025.

Reuters had the report, citing three unnamed sources "familiar with OPEC+ discussions".

More here.

OPEC+ meets on Sunday:

• OPEC+ has delayed its June meeting, and switched it to online (from Vienna)

• OPEC+ meeting this coming weekend - Barclays on rollbacks

Oil still offered on Thursday: