Oil keeps rising as Opec vows supply cuts
Crude futures climb as oil traders forecast a rebound in oil demand in June
19 June 2020 - 07:45
Melbourne — Oil prices pushed higher in early trade on Friday, building on gains in the previous session, after Organisation of Petroleum Exporting Countries (Opec) producers and allies promised to meet their supply cut commitments and two major oil traders said demand was recovering well.
US West Texas Intermediate (WTI) crude futures climbed 23c, or 0.6%, to $39.07 a barrel at 2.09am GMT, while Brent crude futures rose 18c, or 0.4%, to $41.69 a barrel. Both contracts rose about 2% on Thursday...
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