Tag Archives: Oil jumps on tighter supply outlook

NEW YORK: Oil prices rose by more than $1 a barrel on Thursday, after falling for two consecutive sessions, on the prospect of supplies given the Opec+ producer alliance is widely expected to stay the course on its current production cuts. Brent crude futures for May were up $1.30, or 1.5pc, at $87.39 a barrel at 1:28pm EDT (1728 GMT). …

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