Oil rises sharply on producer cuts

Opec and allies have agreed to cut additional 500,000 bpd early next year

Market optimism: oil prices rise on Opec cuts, US stocks data — Market optimism: oil prices rise on Opec cuts, US stocks dataFoto: Photo: REUTERS/SCANPIX/

Reuters

Opec Russia Aramco Alibaba Group Holdings Saudi Arabia

Published 7 December 2019, 00:07Updated 7 December 2019, 00:07