Oil prices surge amid hopes for economy reopening
Oil prices were also supported as data showed a smaller-than-expected build in US stockpiles
Latest in Tag: Oil markets Highlight
Latest in Tag: Oil markets
Oil markets hope for OPEC production cut
OPEC ministers will assemble in Vienna this week to discuss an extension to oil production cuts to stabilize the price. Saudi Arabia and Russia have already signaled their commitment, but some doubt its effectiveness.With the price of oil recovering from $47 a barrel in early May to $54, the market appears to be benefiting from …
