Crude oil prices gained as OPEC agreed a modest increase in output to compensate for losses in production at a time of rising global demand.
OPEC agreed to boost output from July after its de facto leader Saudi Arabia persuaded arch-rival Iran to cooperate in efforts to reduce the crude price.
The United States, China and India had urged Vienna-based OPEC to release more supply to prevent an oil deficit that would hurt the global economy.
Subscribe now for best Bank Nifty Options and Stock Market Live
For quick free trial click here > 911 133 9000
No comments:
Post a Comment