Oil prices jumped as much as 1 percent on Monday after Saudi Energy Minister Kha...
FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer
Brent crude futures were at $72.98 a barrel at 0009 GMT, up 77 cents, or 1.1%, from their last close. Brent closed down 0.6% on Friday. The rally came after Falih said on Sunday there was a consensus among Organization of the Petroleum Exporting Countries and other non-OPEC producers to drive down crude inventories “gently”, but his country would remain responsive to the needs of what he called a fragile market.
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