(Bloomberg) -- Oil extended gains as supply disruptions in Libya, increased tensions in the Middle East and an OPEC statement stressing its commitment to stabilizing prices ushered bulls back into the market. Most Read from BloombergWest Texas Intermediate rose more than 3% to trade above $72 on Wednesday. Further heightening tensions, Iran suffered two blasts that killed more than 100 people. Higher output from outside of the producer group has so far countered its efforts to tighten the market — but extended curbs take effect this week. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.
