Production

Oil jumps on hopes of Opec+ reaching agreement on output cuts

Positive signs major producers could agreed to cut an additional 1 million bpd of production provides support for prices

Hopeful: expectations Opec and its allies could reach an agreement on deepening production cuts provided a boost to oil prices
Hopeful: expectations Opec and its allies could reach an agreement on deepening production cuts provided a boost to oil pricesPhoto: REUTERS/SCANPIX
  • Reuters
Opec+OpecRussiaSaudi ArabiaVienna
Published 4 March 2020, 06:55Updated 4 March 2020, 06:55