Slashed production levels will help drain the glut in the global market
Carlyle’s Philadelphia Energy Solutions oil refinery in Philadelphia, US. Picture: REUTERS/DAVID M PARROT
US West Texas Intermediate crude futures were up 1.6%, or 38c, at $24.52 after touching a high of $24.77. Opec+ is a group comprises members of the Organisation of the Petroleum Exporting Countries and other producers including Russia.
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