Oil prices soar almost 6% after Opec+ output cut
Oil prices soar almost 6% in Asian trade today after major producers announced a surprise cut of more than one million barrels per day. – EPA pic, April 3, 2023.
OIL prices soared almost 6% in Asian trade this morning after major producers led by Saudi Arabia announced a surprise cut of more than one million barrels per day. The West Texas Intermediate contract jumped 5.74% to US$80.01 a barrel, while Brent jumped 5.67% to US$84.42. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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