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Oil near three-week high on cuts to OPEC+ output targets

Por: CNBC Business October 06, 2022

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Oil prices held near three-week highs on Thursday after OPEC+ agreed to tighten global crude supply with a deal to cut production targets by 2 million barrel per day (bpd), the largest reduction since 2020.Brent crude futures edged down 28 cents, or 0.3%, to $93.09 per barrel after settling 1.7% up in the previous session. U.S. West Texas Intermediate (WTI) crude futures lost 33 cents, or 0.4%, to $87.43 after closing 1.4% up on... + full article



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