US API crude oil inventories for the week to January 3 - 4.022 million barrels, expectations - 250,000 barrels, previous values - 1.442 million barrels.
The OPEC statement said that Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman will extend their voluntary production cuts of 2.20 million barrels per day by one month until the end of December 2024.
OPEC said eight members had agreed to extend additional voluntary production cuts of 2.20 million barrels per day for two months until the end of November 2024.