Oil rises as OPEC looks to deepen, extend supply cuts
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NEW YORK (Reuters) - Oil prices rose on Tuesday after OPEC's de facto leader, Saudi Arabia, said it would increase supply curbs in June, while other members of the oil-producing group said they want to extend the deep cuts reached in April for a longer period than originally agreed. OPEC and its allies, a group known as OPEC+, decided in April to cut output by 9.7 million barrels per day (bpd) for May and June, a record reduction, in response to the 30% drop in fuel demand worldwide caused by..