Page 616 - ஆர்கநைஸேஶந் ஆஃப் தி பெட்ரோலியம் ஏற்றுமதி நாடுகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Wall Street surges on jobs data, global equity markets regain ground
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Recovery hopes push US stocks higher, oil hits records
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Oil extends gains on OPEC+ supply restraint
Reuters
MELBOURNE |
Updated on
× Oil prices rose early on Friday, adding to big gains overnight after OPEC and its allies agreed to not increase supply in April as they await a more solid recovery in demand from the coronavirus pandemic.
US West Texas Intermediate (WTI) crude futures climbed 17 cents, or 0.3 per cent, to $64.00 at 0128 GMT, holding below a 13-month high hit on Thursday.
Brent crude rose 10 cents, or 0.2 per cent, to $66.84 a barrel, but down from a high of $67.75 hit on Thursday.
Both contracts soared more than 4 per cent on Thursday after the Organisation of the Petroleum Exporting Countries and allies,together called OPEC+, extended oil output curbs into April,with small exemptions to Russia and Kazakhstan.
Oil prices surge as OPEC+ extends most output cuts
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