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Oil rises due to the acceleration of production cuts in response to the collapse in demand

2020-04-24T04:07:13.050Z

New York-SANA, Oil prices rose strongly to continue their recovery after major crude producing countries said they would accelerate Takh



New York-SANA

Oil prices rose strongly to continue their recovery after major crude producing countries said they would accelerate planned production cuts in order to address a sharp collapse in demand from the Corona pandemic.

Reuters reported that Brent crude rose 96 cents, or 4.7 percent, to settle the settlement price at $ 21.33 a barrel.

West Texas Intermediate jumped $ 2.72, or 19.7 percent, to close at $ 16.50.

Source: sena

All business articles on 2020-04-24

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