(Bloomberg) -- Oil edged higher as investors weighed OPEC’s extension of output cuts into 2020 against troubling economic data from around the world.
(Bloomberg) -- Saudi Arabia, OPEC’s dominant producer, pledged to keep doing the heavy lifting as the cartel was all but forced to extend its effort to counter the U.S.
The West Texas Intermediate (WTI) and Brent crude oil benchmarks lost more than four percent Tuesday.
West Texas Intermediate (WTI) for August delivery crossed the $60-mark Monday, but the light crude benchmark failed to stay above that psychologically important threshold.
(Bloomberg) -- OPEC will extend oil rig flanges gulf coast production cuts into 2020, attempting to buoy oil prices as the world’s leading exporters fret about the outlook for global demand growth and the relentless rise in output from America’s shale fields.
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