Oil hits 11-month high

Oil gains more ground on Saudi pledge to reduce output and falling US oil inventories

Positive news: oil prices hit an 11-month high in early trade on Wednesday — Positive news: oil prices hit an 11-month high in early trade on WednesdayPhoto: AP/SCANPIX

Reuters

Saudi Arabia USA Iran American Petroleum Institute Opec

Published 6 January 2021, 07:50Updated 6 January 2021, 07:50