Post Tagged with: "OPEC+ production cut"

Source: Reuters

Oil rises further above $26 as OPEC+ begins record cuts


LONDON – Oil rose further above $26 a barrel on Friday as OPEC and its allies embarked on record output cuts to tackle a supply glut due to the coronavirus crisis that has been weighing on the market.

The …

Source: CNBC

Oil rises after OPEC and allies agree to historic production cut


Oil prices moved higher on Monday after OPEC and its allies agreed to cut production by 9.7 million barrels per day. The deal, which was finalized on Sunday after marathon discussions that spanned four days, is the single largest …