Oil steady as Putin signals extension of output cuts
Russia president does not rule out extending oil cuts amid Covid-19 pandemic
23 October 2020 - 07:57
Tokyo — Oil prices held on to gains from the previous session on Friday, after Russian President Vladimir Putin indicated he would be prepared to extend record supply cuts in the face of the Covid-19 pandemic.
Brent crude was down 1c at $42.45 a barrel by 4.13am GMT having risen 1.7% on Thursday, while US oil was 3c lower at $40.61, after a 1.5% gain in the previous session. Both contracts are heading for their first weekly loss in three...
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