Hi! Welcome Back and Stay Tune! Oil is back above $50 for the first time in a month - Mukah Pages : Media Marketing Make Easy With 24/7 Auto-Post System. Find Out How It Was Done!

Oil is back above $50 for the first time in a month

Mimi Sabreena 11:03:00 PM Pilihan Editor

West Texas Intermediate crude oil has reclaimed the $50 level for the first time in a month. The energy component trades up 1.3% at $50 a barrel as of 9:31 a.m. ET.

The energy component has rallied more than 14% over the past two weeks amid speculation OPEC producers would extend their production cuts into 2018.

On Monday, energy ministers from Russia and Saudi Arabia stated that supply cuts should be extended until March 2018. That would be longer than the previously proposed six-month extension. Other energy ministers have come out since then, backing the proposed extension.

OPEC meets on May 25.

Markets Insider

Get the latest Oil WTI price here.

NOW WATCH: Here’s the workout routine a retired US Navy admiral uses to stay in tip-top shape

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.

✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qF0xdR

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!

No comments

Comments are welcome and encouraged on this site. Comments deemed to be spam or solely promotional will be deleted. Including link to relevant content is permitted, but comments should be relevant to the post topic.

Comments including profanity and containing language that could deemed offensive will also deleted. Please respectful toward other contributors. Thank you.