Oil prices rose more than $1 a barrel on Monday, with OPEC and its allies on tra...
SINGAPORE - Oil prices rose more than $1 a barrel on Monday, with OPEC and its allies on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week.
U.S. crude futures for August climbed $1.52, or 2.6%, to $59.99 a barrel, after earlier hitting their highest in over five weeks at $60.13. Russian President Vladimir Putin said on Sunday he had agreed with Saudi Arabia to extend existing output cuts of 1.2 million barrels per day by six to nine months.
Stephen Innes, managing partner at Vanguard Markets in Bangkok, said oil prices could also be supported in the medium term because of geopolitical tensions in the Middle East and as China’s central bank eases monetary policy to offset the impact from U.S. tariffs.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Russia, Saudi Arabia Reach Oil Output Agreement Ahead of OPEC TalksRussia and Saudi Arabia have agreed to extend a major oil output-cutting deal by six to nine months to help support the market, Russian President Vladimir Putin said after meeting Saudi Crown Prince Mohammed bin Salman.
Leer más »
Saudi's Falih says Russia, Saudi OPEC+ extension pact will help stabilize oil marketSaudi Arabian Energy Minister Khalid al-Falih said on Saturday that the agreemen...
Leer más »
Iraqi oil minister expects 6-9 months OPEC output deal extensionIraqi Oil Minister Thamer Ghadhban said on Sunday that he expects a global deal ...
Leer más »
OPEC set for oil cut extension if Iran endorses pactOPEC and its allies look set to extend oil supply cuts next week at least until ...
Leer más »
Iran oil minister Zanganeh calls for unity among OPEC membersMembers of the Organization of the Petroleum Exporting Countries (OPEC) should h...
Leer más »
OPEC is sounding likely to extend oil production curbs as meeting starts in ViennaAhead of a meeting of OPEC and its allies in Vienna, the most important oil producers in attendance are indicating there's likely to be an extension of a deal to curb oil production.
Leer más »