Oil prices rise in thin pre-holiday trade and as US stocks decline
Russia says its co-operation with Opec supply cuts are to continue as Saudi Arabia and Kuwait move to restore neutral zone oilfields output
24 December 2019 - 14:01
London/Tokyo — Oil prices rose on Tuesday in thin, pre-Christmas trading after Russia’s energy minister said co-operation with oil cartel Opec to support the market would continue and as analysts forecast a second weekly decline in US crude inventories.
Brent crude was up 17c, or 0.25%, at $66.56 a barrel by 11.10am GMT. US West Texas Intermediate (WTI) was 9c higher at $60.61 a barrel...
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