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Oil prices rise as crude output cut prolonged

Xinhua,December 01, 2017 Adjust font size:

NEW YORK, Nov. 30 (Xinhua) -- Oil prices rebounded Thursday as OPEC (Organization of the Petroleum Exporting Countries) and non-OPEC oil producers agreed to extend the production cut till the end of 2018.

The West Texas Intermediate for January delivery increased 0.10 U.S. dollar to settle at 57.40 dollars a barrel on the New York Mercantile Exchange, while Brent crude for January delivery added 0.46 dollar to close at 63.57 dollars a barrel on the London ICE Futures Exchange. Enditem

 

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