Tag Archives: US Crude Oil

Oil Rises 2% After Saudi and Russia Back Longer Supply Cut

  Oil jumped more than 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step toward extending an OPEC-led deal to support prices for longer than first agreed. Energy ministers from the world’s […]

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OIL SURGES AS MORE PRODUCERS JOIN OUTPUT CUTS

OIL SURGES AS MORE PRODUCERS JOIN OUTPUT CUTS Crude jumps after producers outside OPEC agree to scale back Oil prices surged Monday after more oil-producing nations agreed to slash production, a move aimed at pushing the oversupplied oil market into balance, or even a deficit, to prop up a crude market that had been stuck […]

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