The Crude oil soared 2.18% and settled at $52.61 per barrel after OPEC agreed to cut production by 1.2 million barrels per day during the…
Tag: Russia
OPEC and allies just agreed to cut oil production by 1.2 million barrels per day
- Major oil producers have reached a preliminary deal to cut oil production and boost the market.
- The alliance is currently aiming to take 1.2 million barrels per day off the market, Iranian Energy Minister Bijan Zangeneh told CNBC.
- OPEC has agreed to exempt Iran from cutting production, Zangeneh said.
