Crude oil hits 11-month high, posts 8% weekly gain on Saudi production cut
Crude oil hits 11-month high, posts 8% weekly gain on Saudi production cut
NEW YORK: Crude oil prices hit their highest levels in nearly a year on Friday, gaining 8% on the week, supported by Saudi Arabia’s pledge to cut production and solid gains on major stock markets. Brent was $ 55.99 per barrel, up $ 1.61, or 3%, day and 8.1% week. West Texas Intermediate (WTI) crude […]
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