News Formal

Oil rises on optimism Opec+ supply curbs will stabilise market

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

[NEW YORK] Oil edged higher on renewed optimism that announced production cuts from the Opec+ coalition will re-balance global markets, while Libya's biggest field remained shut, taking supply off line. Read more at The Business Times.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil market likely to rebalance early 2019: OPEC ministersOil ministers from leading OPEC nations said Sunday they expect prices will arrest their recent slide and rebalance early next year, when a deal on new production cuts takes effect. Oil prices have shed more than 36 percent since early October to trade at $54 (47 euros) per barrel, due to fears of oversupply
Source: YahooSG - 🏆 3. / 71 Read more »