US West Texas crude prices rose to a six-week high Monday following the news from OPEC.
Saudi Arabia appointed a new Energy Minister on Saturday, who signaled that OPEC and its allies would continue to cut outputs. This sent oil futures up. US West Texas Intermediate hit $58.03 per barrel, its highest price in six weeks. Oil's gains have been supported by remarks from OPEC leaders as well as Federal Reserve Chairman Jerome Powell, who reiterated the Fed's independence on Friday. Watch WTI trade live on Markets Insider.
Saudi Arabia appointed a new Energy Minister on Saturday, who signaled that OPEC and its allies would continue to cut outputs. This sent oil futures up. US West Texas Intermediate hit $58.03 per barrel, its highest price in six weeks. Oil's gains have been supported by remarks from OPEC leaders as well as Federal Reserve Chairman Jerome Powell, who reiterated the Fed's independence on Friday. Watch WTI trade live on Markets Insider.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Oil rises as Saudi Arabia signals OPEC cuts to continue under new energy ministerOil rose on Monday after a Saudi official said there would be no change in Saudi...
Leer más »
Oil rises as new Saudi minister seen committed to output cutsOil prices rose on Monday after Saudi Arabia, the world's largest exporter ...
Leer más »
Oil Minister Thamer Ghadhban says Iraq will cut oil output from OctoberIraq's oil minister Thamer Ghadhban said it would reduce oil production fro...
Leer más »
Saudi Arabia flags plan to enrich uranium as U.S. seeks nuclear pactSaudi Arabia wants to enrich uranium for its nuclear power program, its energy m...
Leer más »
U.S. says it is concerned about China's purchases of Iranian oilThe United States is 'very concerned' about China's purchases of ...
Leer más »
As U.S. Cracks Down on Iran’s Oil Sales, It Calls Out an AllyAs the U.S. puts fresh sanctions on an Iranian “oil for terror” export network, officials and traders say authorities in the United Arab Emirates often look the other way on trading in sanctioned products.
Leer más »