Oil prices jump after top producers agree output cuts | Malay Mail

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SINGAPORE, April 13 — Oil prices jumped more than 3 per cent Monday after top producers agreed to cut output to shore up energy markets battered by the coronavirus pandemic and a Saudi-Russia price war. US benchmark West Texas Intermediate was up 3.7 per cent at US$23.62 a barrel in early Asian...

A general view of Equinor's Johan Sverdrup oilfield platforms in the North Sea, Norway December 3, 2019. — Reuters pic

US benchmark West Texas Intermediate was up 3.7 per cent at US$23.62 a barrel in early Asian trade while Brent crude, the international benchmark, put on 3.1 per cent to US$32.45 a barrel.

Source: Energy Industry News (energyindustrynews.net)

 

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