MARKET WATCH: NYMEX crude reaches above $66/bbl; Brent holds at $76/bbl

Oil & Gas Journal: Crude oil prices gained slightly on the New York market and held steady in London June 11 while oil traders and analysts awaited the June 12 release of the Organization of Petroleum Exporting Countries’ latest monthly oil market report.

Saudi Arabia and Russia reportedly have begun to ramp up oil production after complying with production-cut targets agreed upon by OPEC members and some other countries, including Russia.

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