Production

Brent hits $60 per barrel on supply cuts and US stimulus hopes

Prices hit their highest level in more than a year on the back of Saudi Arabia and other producers pledge to cut supplies

On the rise: Brent surpassed $60 per barrel to hit its highest level since January last year
On the rise: Brent surpassed $60 per barrel to hit its highest level since January last yearPhoto: REUTERS/SCANPIX/
  • Reuters
Published 8 February 2021, 06:56Updated 8 February 2021, 06:56
USAOpecRussiaSaudi ArabiaBaker Hughes