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Oil prices jump on OPEC-led production cut deal

The News Articles Friday, 7 December 2018
Oil prices jump on OPEC-led production cut dealWorld oil costs have surged after a tentative deal was once reportedly minimize to ease manufacturing and take on a recent provide glut. US crude and Brent crude costs entered undergo marketplace territory final month – handiest weeks after hitting their best possible stage for 4 years – as rising provides of US shale oil …
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Credit: Wochit Business - Published < > Embed
News video: Oil Prices Are Up After OPEC Says Production Will Drop In 2019

▶ Oil Prices Are Up After OPEC Says Production Will Drop In 2019 00:55

According to Reuters, oil prices are on the rise after OPEC announced another round of production cuts. On the day, Brent crude oil is up about 3-percent, rising $1.64 to $61.70 a barrel, while West Texas Intermediate rose $1.10 to $52.59 a barrel. For the week, US crude is up about 3.7-percent,...

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