Oil Prices Rise After OPEC+ Announces Surprise Production Cuts – NewsNaija.com.ng

Oil prices rose after major oil-producing countries announced a round of surprise production cuts on Sunday totaling about 1.16 million barrels a day, a move that drew criticism from the White House.

Reuters reported that oil prices rose about $5 a barrel as trading in Asia opened on Monday morning, and Brent Futures crude prices rose about 6.3 percent to $84.95 a barrel. , its highest price in about a month.

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