(Bloomberg) — The oil market took an initially neutral view on OPEC+ deliberations that could result in the producer group announcing a short extension to unprecedented output curbs.Futures in New York were little changed near $35 a barrel, though they held onto sharp gains from shortly before Friday’s close. The Organization of Petroleum Exporting Countries and its allies are considering bringing their next meeting forward to Thursday, where they will discuss prolonging production curbs by one to three months, according to a delegate. The existing agreement calls for the output cuts to ease from July.See also: Could OPEC+ Become a Victim of Its Own Success?: Julian LeeUp to this point, the production curbs have been effective. Crude rallied almost 90% last month, a record gain, as reduced supply helped to offset the demand losses from the coronavirus outbreak. A key oil spread that helps dictate the flow of crude from regions including the North Sea and West Africa turned positive for the first time since March on Monday, the latest sign that crude’s recovery isn’t just financial-driven.“The prospect of OPEC+ advancing its meeting and agreeing an extension rather than tapering of the deeper cuts should support crude’s rally this week,” said Vandana Hari, founder of energy consultancy Vanda Insights.An earlier OPEC+ meeting would give the producer group more flexibility to change its current production limits as members usually decide their plans for shipping oil for July in the first week of June. The group’s preference is to take short-term measures on cuts as the situation is changing quickly, the delegate said. The coalition — which includes OPEC’s 13 members plus another 10 exporters — has achieved 92% compliance, according to an estimate by data analytics firm Kpler.Though crude has rallied their’s still evidence of a supply dip in the U.S. The number of rigs in the world’s largest producer nation dropped for an 11th consecutive week to the lowest since 2009, according to data from Baker Hughes. Still, there’s a risk that oil’s continued advance could tempt some producers to turn their taps back on again.Meanwhile, the U.S. Oil Fund ETF will begin its monthly roll of futures contracts on Monday. The fund plans to sell its July holdings and buy more November and January futures over the next 10 trading sessions.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk's partner, Grimes, has revealed the nickname for their infant named X Æ A-12.What Happened Grimes, whose given name is Claire Elise Boucher, told Bloomberg in a recently published art profile piece, that she calls their child by a simpler name.The singer said her nickname for baby X Æ A-12 is "Little X."Why It Matters X Æ A-12, born May 4, 2020, will be renamed X Æ A-Xii to comply with laws in California.The baby's name is pronounced "X Ash A 12" and is inspired by the Archangel-12 plane, the precursor to the SR-71 aircraft, which is a favorite of both Musk and Grimes.In a tweet, Grimes gave a detailed explanation of the meaning of the baby's name. Saying X is the unknown variable, Æ, my elven spelling of Ai (love &/or Artificial intelligence), "A-12 = precursor to SR-17 (our favorite aircraft). No weapons, no defenses, just speed. Great in battle, but non-violent." She said A is also a reference to "Archangel," her favorite song. Musk offered a correction to her tweet, pointing out the plane was actually SR-71.Musk and Grimes began dating in early 2018. Musk also has five sons with his ex-wife Justine Wilson.Tesla Price Action Tesla shares traded 0.93% higher at $842.75 in the after-hours session on Friday. The shares had closed the regular session 3.62% higher, at $835.Image Credit: Elon Musk's Twitter.See more from Benzinga * Apple CEO Writes To Employees About George Floyd Death, Urges For 'Better, More Just World For Everyone' * Twitter's Official Account Changes Color In Solidarity With Black Lives Matter Movement * Lear Corporation Workers Afraid To Work At Mexican Factory After It Suffered Reportedly The Worst Coronavirus Fatalities In The Americas(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Colleges across the country are grappling with the fallout from the coronavirus pandemic and declining state funding, but one author says elite universities are unlikely to change their admissions policies.

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