WTI breaks through $40 per barrel in stunning rally

Oil starts week on strong footing with the US benchmark roaring past $40 per barrel in a stunning recovery buoyed by Opec-led output cuts and rising oil imports by China

Oil Price: Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman arriving previouisly at the Opec headquarters in Vienna — Oil Price: Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman arriving previouisly at the Opec headquarters in ViennaPhoto: REUTERS/SCANPIX

Nassir Shirkhani

Tehran

Opec Gulf of Mexico Saudi Arabia Nigeria Libya

Published 8 June 2020, 06:17Updated 8 June 2020, 06:17