Oil rises nearly 3% as Saudi signals OPEC deal extension, stocks rally

June 7, 2019 admin Business News Comments Off on Oil rises nearly 3% as Saudi signals OPEC deal extension, stocks rally

Oil prices rose nearly 3% on Friday, climbing further from five-month lows hit this week, after Saudi Arabia said OPEC was close to agreeing to extend an output production cut beyond June and as Wall Street rallied.

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Source:: Reuters – Business News