Oil rises for second day on hopes of collective cuts

Oil futures rebounded strongly on Friday with international benchmark Brent soaring above $30 per barrel in early London trading as investors took heart from preparations by producers to take collective restraint measures to shore up prices amid collapsing demand

Oil Price: Opec secretary general Mohammed Barkindo
Oil Price: Opec secretary general Mohammed BarkindoPhoto: AFP/SCANPIX
Published 3 April 2020, 10:49Updated 3 April 2020, 12:55