Oil firmer after Saudi reassurance that Opec cuts will remain in place
Prices rose for a fourth day, supported by comments from the United Arab Emirates’ energy minister that the cartel and its allies are committed to balancing the crude market
09 September 2019 - 08:36
Tokyo — Oil rose on Monday on expectations that Saudi Arabia, the world’s largest oil exporter, will continue to support output cuts by Opec and other producers to prop up prices under new energy minister Prince Abdulaziz bin Salman.
Prices climbed for a fourth day and were also supported by comments from the United Arab Emirates’ energy minister that Opec and its allies are committed to balancing the crude market...
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