 Now, OPEC Plus or producers have agreed to stick to the existing pace of gradually easing supply curbs through July as they sought to balance expectations of a recovery in the amount against a possible increase in Iranian supply. Members and allies of the Organization of Petroleum Exporting Countries, commonly referred to as OPEC Plus, agreed on Tuesday to stick to a plan to gradually ease supply curbs, but wouldn't say if that commitment would go beyond July. Oil producers have seen a rise in demand as the global economy bounces back from the depths of a health crisis-induced slowdown, prompting the group to revisit the record-cut production it made last year. With demand now bouncing back in the U.S. and China, the world's two biggest economies, prices have risen in tandem. U.S. crude oil prices have surged 40 percent so far this year. The combination of rising demand and higher prices could be too tempting for oil producers to pass up. Saudi Energy Minister Prince Abdulaziz bin Salman told a virtual news conference on Tuesday that with the vaccine rollout now gathering pace, there is likely to be the need for quote, further rebalancing of the global oil market. But the group is being cautious not to flood the market and send prices into reverse. At issue, the possible return of more Iranian oil if and when Tehran reaches a nuclear deal with the West that would ease sanctions. Open Plus is set to meet again on July 1. U.S. crude oil prices rose Tuesday to end the day just shy of $68 a barrel.