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Oil Price Rises On Supply Cuts

Brent crude futures rebounded $3.46, or 4.1%, to $88.60 a barrel by 0915 GMT. US West Texas Intermediate crude was up 4.3%, or $3.39, at $82.88

Updated On: 03 Oct 2022 | 3:33 PM IST
Bs_logoOil jumps nearly $4 as OPEC+ weighs biggest output cut since 2020

Prices also drew support from analyst expectations of possible supply cuts from the Organization of the Petroleum Exporting Countries and allies (OPEC+)

Updated On: 28 Sep 2022 | 6:30 AM IST
Bs_logoOil rises 2% from nine-month lows on US Gulf output cuts, supply outlook

US light crude was up 46 cents or 0.8 per cent at $57.27, just shy of this week's more than two-year high of $57.69 a barrel

Updated On: 10 Nov 2017 | 2:45 AM IST
Bs_logoOil price rises on supply cuts and political tensions in Saudi Arabia