Oil climbed to head for a solid quarterly gain on expectations that supply curtailments by OPEC+ including Russia would tighten market balances. West Texas Intermediate rose toward $82 a barrel after a modest two-day drop, with Brent crude closing above $86. The US crude benchmark has risen 14% this year, with key timespreads swinging from contango — a bearish pattern — to the opposite backwardated structure in that span. OPEC+’s cuts of roughly 2 million barrels a day have been extended to the end of June, underpinning expectations that global stockpiles will drop. Ahead of a review meeting next week, delegates see ... (full story)