You are here

COMMODITIES

Oil up nearly 2% on signs of widespread Opec deal compliance

New York

OIL prices rose nearly 2 per cent last Friday after reports that Organization of the Petroleum Exporting Countries (Opec) members delivered more than 90 per cent of the output cuts they pledged in a landmark deal that took effect in January.

Supply from the 11 Opec members...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes