Extension of oil output cuts pushes prices to highest in three months
Brent has nearly doubled since oil cartel Opec+ agreed in April to cut supply by 9.7-million bpd during May and June
08 June 2020 - 12:16
London — Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China's crude imports hit a record high in May.
Brent crude was up 50 US cents, or 1.2%, at $42.80 per barrel, by 8.40am GMT, while US West Texas Intermediate (WTI) crude rose 31c, or 0.8%, to $39.86 a barrel...
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