WTI oil jumps above USD 60 on OPEC-Russia output deal
- Country:
- United Kingdom
The WTI oil price jumped back above USD 60 per barrel on Monday after OPEC kingpin Saudi Arabia and non-cartel producer Russia said they would extend caps on crude output. WTI, the New York benchmark, rallied to USD 60.13 per barrel around 0650 GMT, climbing above USD 60 for the first time since the end of May.
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