Supply cuts and US stimulus hopes push Brent towards $60
Saudi Arabia’s pledge of extra decreases in February and March supports prices
08 February 2021 - 08:20
Singapore — Oil prices rose on Monday, with Brent futures nearing $60 a barrel, boosted by supply cuts among key producers and hopes for further US economic stimulus measures to boost demand.
Brent crude for April touched a high of $59.95 a barrel and was at $59.91 by 6.31am, up 57c, or 1%. Front-month prices last hit $60 on February 20, 2020...
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