Production

Oil jumps 1% on hopes Opec+ will curb production

Producers said to be weighing further production cuts to counter the effect coronavirus could have on demand

On the rebound: oil prices jumped 1% in early trade on talk Opec+ will look to cut output further in the wake of the coronavirus
On the rebound: oil prices jumped 1% in early trade on talk Opec+ will look to cut output further in the wake of the coronavirusPhoto: REUTERS/SCANPIX
  • Reuters
OpecChinaUSARussiaUnited Nations
Published 5 February 2020, 06:29Updated 5 February 2020, 06:29