Brent crude had climbed as high as $43.41 a barrel but by 0239 GMT was trading up just 21 cents, or 0.5%, at $42.51. U.S. West Texas Intermediate (WTI) crude rose 2 cents, or 0.05%, to $39.57 a barrel, after earlier touching $40.44 earlier. Since the start of April Brent has nearly doubled, propped up by the unprecedented production cut of 9.7 million barrels per day – nearly 10% of global supplies – agreed in April by the Organization of the Petroleum Exporting Countries (OPEC), Russia and other allies, collectively known as OPEC+. …read more
Source:: Yahoo Finance
