Tag Archives: OPEC output cuts

Oil rises, poised to make above $70 , on fewer U.S. rigs, OPEC

Oil prices rose on Monday, poised to make above 70 dollars on a slight decline in the number of U.S. rigs drilling for new production and sustained output cuts by the Organisation if Petroleum Exporting Countries (OPEC). Brent sweet crude futures were at 67.95 dollars a barrel, 33 cents above their last close. The Brent oil is poised to rise ...

Read More »