Opec supply cuts and Middle East tension push oil prices up
Brent oil has risen almost 20% in 2019 supported by Opec's agreement to cut supply
09 July 2019 - 13:28
London — Oil rose above $64 a barrel on Tuesday as Opec supply cuts and Middle East tensions outweighed the US-China trade dispute that is dragging on the global economy and oil demand.
Opec and its allies last week agreed to extend their supply-cutting deal until March 2020. Brent has risen almost 20% in 2019 supported by the pact and also tension in the Middle East, especially concerns about Iran's nuclear programme...
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