Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover
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Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover
Oil prices rose more than 2% on Wednesday, boosted by a huge drop in U.S. fuel inventories and expectations that OPEC+ producers might decide against increasing output when they meet this week. U.S. gasoline stocks fell last week by the most on record and refining output fell to a record low in the»»»
Oil rises as OPEC+ decides on production policy
NEW YORK (Reuters) - Oil prices surged up 3% on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May. Brent crude rose $1.94, or 3.1%, to $64.68 a barrel by 1:25 p.m. EST (1825 GMT). U.S. oil was up $2.10, or 3.6%, at $61.26 a barrel. OPEC+, which comprises the O»»»
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