Oil settles up more than $2 despite OPEC+ production cuts

Oil prices settled up more than $2 Thursday despite news that OPEC+ reached a deal to gradually ease production cuts from May.
 

Brent crude settled up $2.12, or 3.4%, to $64.86 a barrel. US oil settled up $2.29, or 3.9%, at $61.45 a barrel.
 

OPEC+, which comprises the Organization of the Petroleum Exporting Countries, Russia and other allied producers, agreed to ease production curbs by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and further 400,000 bpd or so in July.
 

"Ironically, the market has bought the OPEC+ story that demand will increase and the barrels