Oil prices rise on new demand and Opec+ complying with cuts
Brent has more than doubled since hitting a 21-year low in April, helped by record Opec+ supply cuts of 9.7-million bpd
19 June 2020 - 11:52
London — Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after oil cartel Opec producers and allies promised to meet supply cuts and signs of demand, hit by the coronavirus crisis, recovering.
On Thursday, Iraq and Kazakhstan, during a meeting of a panel of Opec and its allies, Opec+, pledged to comply better with oil cuts, sources said. This means the curbs by Opec+ could deepen in July...
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