Oil prices rise, buoyed by bets that OPEC+ will decide to extend its voluntary output cuts

Oil futures climbed on Wednesday, buoyed by a report that said major oil producers in OPEC+ may consider extending their voluntary production cuts into the second quarter. Data from the Energy Information Administration, meanwhile, revealed a fifth straight weekly rise in U.S. crude inventories, along with inventory declines for gasoline and distillates.Price moves West Texas Intermediate crude CL00, -0.85%for April delivery CL.1, -0.85% CLJ24, -0.85%rose 23 cents, or 0.3%, to $79.10 a barrel on