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Oil Rises as OPEC Achieves Output Targets

Oil Rises as OPEC Achieves Output Targets

Oil rates registered a substantial increase on Wednesday as optimism flooded the market in response to OPEC members sticking to a cut in production. The rise in prices happened despite United States production rocketing on a gain oriented approach. The Organization of...
Oil Hits Highest Rate since 2015

Oil Hits Highest Rate since 2015

Oil recorded a remarkable increase of 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices. Futures for Brent crude were up $2.21 at...
Oil Rates Enhance after OPEC Optimism

Oil Rates Enhance after OPEC Optimism

Oil prices marched higher by 3 percent on Thursday, extending their rally on optimism over OPEC’s first output cut plan in eight years. The Organization of the Petroleum Exporting Countries agreed on Wednesday to cut output to 32.5-33.0 million barrels per day...