Oil prices edged higher on Wednesday in Asia after the Organization of the Petroleum Exporting Countries (OPEC) agreed to extend output cuts.
U.S. Crude oil WTI futures were up 0.2% to $56.38 by 12:56 AM ET (04:56 GMT). International Brent oil futures also gained 0.2% to $62.55.
All OPEC and non-OPEC members including Russia voted unanimously to pass the nine-month extension of their agreement to cut production by 1.2 million barrels per day in the last day of meetings in Vienna on Tuesday.
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