Oil climbs after OPEC+ maintains oil output cuts, U.S. stock draw

Oil prices extended gains on Thursday after the OPEC+ alliance of major producers stuck to a reduced output policy, and as crude stockpiles in the United States fell to their lowest levels since March last year. Brent crude futures gained 51 cents, or 0.9%, to $58.97 a barrel, by 0741 GMT, having earlier hit their …

The post Oil climbs after OPEC+ maintains oil output cuts, U.S. stock draw first appeared on Hellenic Shipping News Worldwide.

Share This:

Leave a Reply

Your email address will not be published. Required fields are marked *