An unexpected plan by
ministers including from Saudi Arabia said on Thursday that the group can still react to any changes in the market and adjust supply. That sparked a sharp rebound in oil prices, which had already staged a modest recovery after tumbling into oversold territory for the first time in about a year. Brent futures are trading near $80 a barrel after advancing 1.9% on Thursday, but prices are still heading for a third weekly drop. West Texas Intermediate was below $76, also set for a loss this week.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil swings after OPEC+ signals plan to return barrels to marketBrent for August settlement fell 0.5% to $80.74 a barrel at 2:25 p.m. in Singapore.
Source: Moneyweb - 🏆 5. / 77 Read more »