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Oil prices rise on Saudi production cut, Opec+ extension


05 Jun 2023 06:52


05 Jun 2023 06:52

(Montel) Oil prices hit their highest level for a month on Monday after Saudi Arabia announced a 1m bbl/day production cut for July, while Opec+ nations extended existing reductions to the end of 2024.

The front-month contract for Brent crude North Sea oil last traded ...…

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