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Oil continues to rise for a fifth day supported by expectations of an extension of production cuts

2019-09-10T08:13:27.826Z


TOKYO - Oil has continued to rise for a fifth day in a row, hitting its highest level in nearly two decades


Tokyo-Sana

Oil continued to rise for a fifth day in a row to reach its highest level in nearly six weeks today, supported by optimism that OPEC and other producers could agree to extend production cuts to support prices.

Brent crude rose 31 cents, or 0.5 percent, to $ 62.90 a barrel and US West Texas Intermediate crude futures rose 32 cents, or 0.6 percent, to $ 58.17 a barrel, Reuters reported.

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Source: sena

All business articles on 2019-09-10

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