Oil climbs as Saudi Arabia and Russia support cuts
Opec and its allies look set to extend crude supply cuts until the end of 2019 after top producers endorsed a policy aimed at propping up price
01 July 2019 - 08:56
Singapore — Oil prices rose more than $1 a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an Opec meeting in Vienna.
Front-month Brent crude futures for September touched an intraday high of $66.44 a barrel and were up $1.57, or 2.4%, at $66.31 a barrel by midday...
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