February 5, 2025
Oil prices soar almost 6% after OPEC+ output cut

Hong Kong: Oil prices soared almost six percent in Asian trade Monday morning after major producers led by Saudi Arabia announced a surprise cut of more than one million barrels per day.The West Texas Intermediate contract jumped 5.74 percent to $80.01 a barrel, while Brent jumped 5.67 percent to $84.42.The move by Saudi Arabia…
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