Oil gains on potential increase to supply cuts

Prices rise on reports Opec and its allies could deepen existing 1.2 million bpd cut by 400,000 bpd

Rising prices: reports Opec and its allies could add a further 400,000 bpd to their existing 1.2 million bpd supply cuts buoyed prices — Rising prices: reports Opec and its allies could add a further 400,000 bpd to their existing 1.2 million bpd supply cuts buoyed pricesFoto: Scanpix/AFP/Afp/NTB scanpix

Reuters

production Middle East Asia & Oceania Politics North America

Published 3 December 2019, 06:22Updated 3 December 2019, 06:22