Crude futures rebounded on Tuesday on signs that Russia is adhering to its promised export cuts while production restraints in Libya buoyed prices. Protests in Libya continue to keep roughly 300,000 barrels per day off the market following the shutdown of a major oil field last week. The latest Russian crude export data tracked by Bloomberg shows the OPEC+ member started the year in line with cuts promised. The markets have remained skeptical of OPEC+ promises to adhere to deeper production cuts announced in late November. (Lisa Leutner/AP Photo, File) (ASSOCIATED PRESS)Analysts have noted increased oil production from the US and other countries will increase supply in the markets this year, despite OPEC's cuts.
