Tag Archives: Price hike

OPEC cuts push oil prices to $70 amid strong economy

Oil prices were firm, on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the Organisation of the Petroleum Exporting Countries (OPEC) and Russia. Reuters News agency states that spot Brent crude oil futures, the international benchmark for oil prices, were at 70 dollars a barrel at 0102 ...

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