Oil Prices Escalate in Response To Supply Cuts

Front-month Brent crude futures rose to $66.63 a barrel and were up $1.72, or 2.7%, at $66.46 a barrel.
U.S. crude futures for August climbed $1.52, or 2.6%, to $59.99 a barrel, after hitting highest at $60.13.
OPEC and allies pushing to extend supply cuts until the end of 2019 at their Vienna meeting.
Saudi Arabia to extend existing output cuts of 1.2 million barrels per day (bpd) by six to nine months.

Front-month Brent crude futures touched an intraday high of $66.63 a barrel and were...