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WTI oil price rallies above $60 per barrel on OPEC-Russia output deal

Oil price climbed above $60 for the first time since the end of May.

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AFP | PTI London
1 min read Last Updated : Jul 01 2019 | 1:43 PM IST

The WTI oil price jumped back above $60 per barrel on Monday after OPEC kingpin Saudi Arabia and non-cartel producer Russia said they would extend caps on crude output.

WTI, the New York benchmark, rallied to $60.13 per barrel around 06:50 GMT, climbing above $60 for the first time since the end of May.

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Topics :OPEC Russia oil deal

First Published: Jul 01 2019 | 1:15 PM IST

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