Oil Prices Are Up After OPEC Says Production Will Drop In 2019
- 5 years ago
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, while the international benchmark is up 5.4-percent.
But rising oil prices have been spurred by an agreed production cut by OPEC, and some non-member nations, including Russia.
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, while the international benchmark is up 5.4-percent.
But rising oil prices have been spurred by an agreed production cut by OPEC, and some non-member nations, including Russia.