Oil held gains after capping the longest winning run in more than four years as OPEC+ leaders extended supply cuts to the end of 2023 and industry estimates pointed to another draw in US crude inventories.

West Texas Intermediate edged higher toward $88 a barrel after posting nine straight gains, the longest stretch of consecutive daily rises since January 2019. That surge came as Saudi Arabia and Russia pledged to prolong their export curbs through the fourth quarter. Riyadh also raised official prices.

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Oil Posts Best Run Since 2019 as OPEC+ Cuts to Tighten Market