Oil rises on Middle East tensions with the US and supply cuts
On Monday, the expiring front-month US contract fell into negative territory for the first time and Brent has lost roughly two thirds of its value
23 April 2020 - 13:04
London — Oil rose on Thursday, spurred by rising tensions in the Middle East, output cuts by producing nations to tackle oversupply, and the promise of more government stimulus to ease the economic pain of the coronavirus pandemic.
Brent crude was up $1.78, or 8.7%, at $22.15 a barrel by 9.40am GMT. US crude rose $1.87, or 13.6%, at $15.65 a barrel...
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