First deal for 15 years seen as gamechanger by analysts,who forecast oil price will rise further from $57 a barrelOil prices maintain surged to a 17-month high after a group of the world’s largest producers, including Saudi Arabia and Russia, and agreed to reduce output in a landmark deal.
The weekend agreement between Opec and a number of non-Opec members,notably Russia, has pushed Brent crude up more than 4% to $56.64 a barrel, and its highest level since mid-July 2015. West Texas Intermediate,the US benchmark, is up 4.4% at $53.78. Related: Oil price surges after producers agree historic cuts – commerce live Continue reading...
Source: theguardian.com