July 1, 2019: The WTI oil price jumped back above $60 per barrel on Monday after OPEC kingpin Saudi Arabia and non-cartel producer Russia said they would extend caps on crude output.
WTI, the New York benchmark, rallied to $60.13 per barrel around 0650 GMT, climbing above $60 for the first time since the end of May.
APP
Posted on: 2019-07-01T12:56:00+05:00
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