Oil rises as Opec+ cuts go into force

Oil futures pare back earlier gains as overflowing inventories outweigh positive tone set by implementation of Opec+ cuts

New measures: output cuts take effect from 1 May from Opec and non-Opec producers, known as Opec+ — New measures: output cuts take effect from 1 May from Opec and non-Opec producers, known as Opec+Photo: REUTERS/SCANPIX

Nassir Shirkhani

London

Saudi Arabia Russia Iraq Opec Oil price

Published 1 May 2020, 14:23Updated 1 May 2020, 14:29