Production

Oil edges higher as Opec and allied producers agree record output cut

Brent crude futures were up by 1.97% to $32.1 a barrel on Monday morning, 06:36 GMT, while WTI crude futures traded 3.16% higher at $23.48 a barrel, giving up most of its early gains

Deal: Opec secretary general Mohammad Barkindo (left) and Saudi Energy Minister Prince Abdulaziz bin Salman in Abu Dhabi late last year
Deal: Opec secretary general Mohammad Barkindo (left) and Saudi Energy Minister Prince Abdulaziz bin Salman in Abu Dhabi late last yearPhoto: EOIN O'CINNEIDE/UPSTREAM
  • Nishant Ugal
  • Reuters
New Delhi
OpecSaudi ArabiaRussiaKuwaitReuters
Published 13 April 2020, 03:43Updated 13 April 2020, 08:18