Oil climbs above $40 for the first time in 3 months on hopes of extended production cuts

Oil climbs above $40 for the first time in 3 months on hopes of extended production cuts

Business Insider

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· *Oil rose past $40 per barrel on Wednesday, three months after oil prices plunged over 30% at the worst level since the Second Gulf War.*
· * In early European trading, Brent crude rose to $40.12 a barrel amid reports that OPEC+ members are favouring extension of production cuts currently set to end in June.*
· *The...

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