Oil spikes on surprise cuts to U.S. oil production

NEW YORK (Reuters) – Oil prices surged more than 5 percent Monday, continuing a three-day rally that has erased August’ s price declines, after U.S. oil production data showed output falling and OPEC said it would talk with other producers about low prices.



Source: ReuterBusiness

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *