Oil prices edge up as Opec+ mulls output cut from February
There are also tensions around Opec member Iran and its seizure of a South Korean vessel
05 January 2021 - 12:37
London — Oil prices edged up on Tuesday as tension around Iran’s seizure of a South Korean tanker simmered and after it emerged that oil cartel Opec and its allies, including Russia (Opec+), is studying a possible production cut in February, according to a document.
Brent crude futures for March rose 35c to $51.44 a barrel by 9.47am GMT, while US West Texas Intermediate (WTI) crude for February was at $48.04 a barrel, up 42c...
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