Oil prices rose on Tuesday after a U.S. agency said shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers. U.S. West Texas Intermediate (WTI) crude was up 47 cents, or 2.1%, at $22.88, having dropped 1.5% the previous session. With other producers, including the world’s biggest, the United States, reducing output as well, the estimated reduction in production is about 19.5 million bpd. …read more
Source:: Yahoo Finance
