Oil up more than 2 percent on Saudi and OPEC cuts

February 12, 2019 admin Business News Comments Off on Oil up more than 2 percent on Saudi and OPEC cuts

Oil prices gained more than 2 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela.

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Source:: Reuters – Business News