Oil Has Best Start to a Year Ever as OPEC Production Falls

Oil prices have had the best start to a year on record as Saudi Arabia and other OPEC members have curbed output

U.S.

crude has rebounded 22% in the first two months of the year, according to Dow Jones Market Data, the best January-February performance in figures going back to 1984. Oil is also heading for its best two-month stretch generally since 2016—when prices recovered in April and May of that year after dipping below $27 a barrel.

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