Oil rises above $71 on tight supply

Oil rises above $71 on tight supply

Oil prices raced on Wednesday to five-month highs hit the previous day as the Organisation of Petroleum Exporting Countries (OPEC) production cuts and United States (U.S.) sanctions on Iran and Venezuela continued to tighten supply, though economic worries increased. Brent crude futures, the international benchmark for oil prices, were up 77 cents, or 1.1 per […]
Source: Oil rises above $71 on tight supply

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post from thenationonlineng.net

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