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Oil Rally Fizzles With OPEC+ Set to Discuss Extending Its Curbs

  • Producers’ group considers bringing forward meeting to June 4
  • Crude futures start month with a whimper after May’s 88% surge
Tanker Glut Signals 25% Slump In Freight Rates This Year

Photographer: Patrick T. Fallon/Bloomberg

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Oil’s record rally sputtered as investors assessed whether OPEC and its allies will extend the supply curbs that helped drive prices higher.