Oil Prices Extend Gains on OPEC+ record output cuts

Oil rises towards $27 as OPEC+ begins record cut

Oil rose towards $27 a barrel on Friday as OPEC and its allies began a record output cut to tackle a supply glut weighing on the market due to the coronavirus crisis, Reuters reported, according to the Saudi Press Agency (SPA). The global oil benchmark, Brent crude, has sunk by almost 60 percent in 2020...

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