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Oil Climbs More Than $1 Per Barrel as OPEC, Allied Producers Agree Record Output Cut

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After four days of wrangling, the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, agreed on Sunday to cut output by 9.7 million barrels per day (bpd) to support oil prices, sources said, representing around 10 per cent of global supply.

from Top Business News- News18.com
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Oil Climbs More Than $1 Per Barrel as OPEC, Allied Producers Agree Record Output Cut Oil Climbs More Than $1 Per Barrel as OPEC, Allied Producers Agree Record Output Cut Reviewed by Team Exprssnews on April 12, 2020 Rating: 5

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