October 21, 2020
Business News

Oil prices rise on biggest weekly U.S. crude supply decline of the year, even as OPEC+ tapers output cuts – MarketWatch

Oil futures climbed on Wednesday to mark their highest settlement in more than four months, buoyed by the biggest weekly decline in U.S. crude supplies so far this year, even as an OPEC+ committee reached an agreement to taper record production cuts starting next month.Any move OPEC+ made to ease the production cuts would be of some concern, but…improving market conditions, plus the pledge that some members would compensate for earlier overproduction,…

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