Tag Archives: Output cuts

Price of brent crude oil rises to $70 on output cuts

The price of brent crude oil rose to 70 dollars a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North America. Brent sweet crude futures, the international benchmark for oil prices, were at 70 dollars per barrel at ...

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