Oil climbs

Singapore Oil markets edged up on Thursday as expectations that OPEC will extend production cuts at a meeting at the end of this month outweighed rising U.S. crude production and inventories.
Brent crude futures, the international benchmark for oil prices, were at $62.06 per barrel at 0742 GMT, up 19 cents, or 0.3 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were at $55.39 a barrel, 6 cents up from their last settlement.
"Oil shrugged off an unexpected rise in the U.S. crude inventory data. Both contracts eked out small gains," said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore.
Traders said this was due to efforts led by the Organization of the Petroleum Exporting Countries (OPEC) to withhold oil production to tighten the market and prop up prices.