Oil rises after Opec confirms it will return supply carefully
Opec and its allies have agreed to keep to their plan to gradually ease supply curbs during July
02 June 2021 - 08:47
Melbourne — Oil prices rose on Wednesday after oil cartel Opec and its allies stuck to their plan to cautiously return oil supply in June and July while expecting fuel demand to rebound strongly during the US summer.
US West Texas Intermediate (WTI) crude futures rose 32c, or 0.5%, to $68.05 at 2.01am GMT, extending a 2.1% gain after the Memorial Day holiday in the US on Monday. Prices rose to their highest since October 2018...
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