Oil rises 1%, hits highest in a year on growth hopes, Opec+ output cuts

US crude up 9% in best weekly gain since October

Prices rise: oil inched higher on Friday buoyed by US economic stimulus outlook — Prices rise: oil inched higher on Friday buoyed by US economic stimulus outlookPhoto: AP/SCANPIX

Reuters

Published 5 February 2021, 23:05Updated 5 February 2021, 23:05

Oil Price USA Opec+Saudi Arabia Americas