Oil jumps on lower than expected rise in US inventories

Concerns Opec+ may not agree deeper output cuts puts a cap on gains

Jump in prices: oil spiked on a lower than anticipated fall in US oil inventories — Jump in prices: oil spiked on a lower than anticipated fall in US oil inventoriesPhoto: AP/SCANPIX

Reuters

USA Michael McCarthy CMC Markets Sydney Saudi Arabia

Published 5 March 2020, 03:55Updated 5 March 2020, 03:56