Oil Futures Settle Higher As Saudi Arabia Pledges To Cut Production
Crude oil prices settled higher on Monday despite paring a substantial portion of early gains. Oil prices rallied after Saudi Arabia, the world’s largest crude exporter, pledged to cut its production by another 1 million barrels per day in July. Saudi Arabia will reduce its output to 9 million bbl/day in July from about 10 million bbl/day in May, its […]
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