Oil prices extend gains after surge on OPEC output deal

Crude oil prices rose above $50 a barrel on Thursday, extending the big gains made after OPEC and Russia agreed to restrict production, even as analysts warned other producers were likely to top up supply. The Organization of the Petroleum Exporting Countries agreed on Wednesday to its first oil output reduction since 2008 after de-facto…

This content is for Standard Digital Monthly Subscription, Premium Digital Monthly Subscription, Standard Digital Yearly Subscription, Premium Digital Yearly Subscription, WSJ 5 DAY TRIAL, FBNQUEST2016 7-DAY TRIAL and 30-Day Corporate Subscription members only. Visit the site and log in/register to read.

oil

Fuente: BUSINESS DAY