Production

Oil inches higher on Saudi pledge to cut output

Prices also draw support from a fall in US oil inventories

Prices inch higher: oil gained more ground on Thursday on the back of Saudi Arabia's pledge to cut output by 1 million bpd
Prices inch higher: oil gained more ground on Thursday on the back of Saudi Arabia's pledge to cut output by 1 million bpdPhoto: AFP/SCANPIX
  • Reuters
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Published 7 January 2021, 05:36Updated 7 January 2021, 05:36