Start United States USA — Financial Oil prices rise as OPEC plus cartel nears deal on production cuts

Oil prices rise as OPEC plus cartel nears deal on production cuts

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New Delhi: Crude oil prices have started firming up again in the international market as the OPEC+ cartel is reported to be on the verge of signing an
Crude oil prices have started firming up again in the international market as the OPEC+ cartel is reported to be on the verge of signing an agreement to cut production by 2 million barrels per day.
OPEC+ members agreed to make 1 million barrels a day of additional oil-supply cuts to go alongside Saudi Arabia’s much-anticipated extension of a voluntary reduction of the same size, financial news agency Bloomberg reported.

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