Oil rises as supply cuts kick in and fuel demand picks up
Both Brent and WTI are up, with Opec+ meeting in June to discuss maintaining output cuts into the second-half of the year
26 May 2020 - 12:50
London — Oil prices rose on Tuesday, supported by growing confidence that producers are following through on commitments to cut crude supplies while fuel demand picks up with more cars back on the road as coronavirus lockdowns ease.
Brent crude futures were up nearly 1.4%, or 50c to $36.03 a barrel as of 8.40am GMT...
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