Oil edges higher on extended Opec+ supply cut agreement
Saudi Arabia is pushing for more cuts in output ahead of its IPO, but Russia is not sure it will join Opec in extending the supply cuts until June 2020
03 December 2019 - 12:44
London — Oil prices edged higher on rising expectations of deeper output cuts when Opec and its allies meet this week, although scepticism about a deal among some analysts limited the gains.
Brent futures rose 43c to $61.35 a barrel by 9.24 GMT on Tuesday. US West Texas Intermediate (WTI) crude was up 44c at $56.40 a barrel...
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