Production

Bulls regain charge of oil market

Crude futures stage strong rally with international benchmark Brent climbing back above $41 a barrel as investors bet that Opec-led cuts are beginning to drain excess supplies

Oil prices up: United Arab Emirates Energy Minister Suhail al-Mazrouei
Oil prices up: United Arab Emirates Energy Minister Suhail al-MazroueiPhoto: AP
  • Nassir Shirkhani
Tehran
Published 16 June 2020, 13:58Updated 16 June 2020, 13:58
International Energy AgencyOpecRussiaUSAUnited Arab Emirates