The Business Times
business-time-50
SUBSCRIBERS

Oil prices rebound sharply on news of limiting output

google-preferred-sourceAdd BT as a preferred source
Published Sun, Feb 28, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    London

    WORLD oil prices rebounded sharply last week on signs producers may still agree to limit output to tackle a supply glut that has sent crude tumbling for more than 18 months.

    By Friday, US benchmark West Texas Intermediate (WTI) for delivery in April stood at US$34.24 a barrel compared with US$29.96 for the expired March contract one week earlier.

    Commodities

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    DBS filed the bankruptcy application after serving statutory demands to the directors of Autobahn Rent A Car in December 2025.

    Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS

    Loyang Valley sits on a 840,648 sq ft plot of land, which now houses 362 apartments.

    Loyang Valley sold for S$880 million to SingHaiyi-led consortium

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More