Brent oil rises to highest since February after Saudi Arabia output cut

Brent oil rises to highest since February after Saudi Arabia output cut

TOKYO (Reuters) - Brent oil prices rose on Wednesday to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers, while industry data showed US crude stockpiles fell last week. Brent crude rose as much as 0.6 percent to $53.94 a barrel, the “¦ Continued

The post Brent oil rises to highest since February after Saudi Arabia output cut appeared first on Egypt Independent.TOKYO (Reuters) - Brent oil prices rose on Wednesday to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers, while industry data showed US crude stockpiles fell last week. Brent crude rose as much as 0.6 percent to $53.94 a barrel, the “¦ Continued

The post Brent oil rises to highest since February after Saudi Arabia output cut appeared first on Egypt Independent.