Oil jumps 3% on U.S. stockpiles drop; further OPEC output cuts seen

December 4, 2019 admin Business News Comments Off on Oil jumps 3% on U.S. stockpiles drop; further OPEC output cuts seen

Oil prices surged more than 3% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles.

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Source:: Reuters – Business News