Oil holds near 11-month high on Saudi pledge to cut output

Both benchmarks remain on track to for a strong weekly gain

Strong start to the year: oil prices are set to post strong weekly gains following Saudi Arabia's pledge to cut output by 1 million bpd — Strong start to the year: oil prices are set to post strong weekly gains following Saudi Arabia's pledge to cut output by 1 million bpdPhoto:AP/SCANPIX

Reuters

Published 8 January 2021, 06:25Updated 8 January 2021, 06:25

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