Business > Market

Oil surges after OPEC and Russia agree to production cut

11 days ago   |   By Business Insider

OPEC+ and Russia have agreed an output cut to crude oil, sending prices surging after a week of uncertainty.
Brent crude rose as much as 5.4% after OPEC agreed to an output cut of 1.2 million barrels a day collectively in Vienna Friday.
Oil prices had been volatile all week as OPEC weighed supply concerns with demands from President Trump to keep prices low.
OPEC+ has agreed to cut production by 1.2 million barrels, reducing tensions around crude oil prices after two days of fractious discussion in Vienna. Brent Crude was up 4.8% as of 2.40 p.m in London on the news.
Oil prices had...
Read more ...

 

Oil surges 5 percent as OPEC agrees output cut

Oil surges 5 percent as OPEC agrees output cut

11 days ago   |   By Reuters

Oil prices jumped more than 5 percent on Friday as big Middle East producers in OPEC agreed to reduce output to drain global fuel inventories and support the market.
Read more ...

 

Oil prices jump 5% as OPEC reaches production cut deal

11 days ago   |   By RT

The Organization of the Petroleum Exporting Countries reached a new deal to curb global crude output. Oil prices surged over 5 percent following the news.
Read more ...

 


Search by Tags

   Market      BusinessNews  


Business owner offers $4 million in Christmas bonuses to employees

Business owner offers $4 million in Christmas bonuses to employees

The average bonus works out to be about $20,000 per employee. Read more ...

Humanity has racked up extraordinary feats of spaceflight since NASA's first...

Humanity has racked up extraordinary feats of spaceflight since NASA's first moon mission 50 years ago. Here are the greatest hits

December 21 marks the 50th anniversary of NASA's Apollo 8 moon mission, which was the first crewed flight to the moon. Humanity has since racked up an impressive list of firsts... Read more ...

The White House implied Trump cares about Cohen's lies, but not Flynn's...

The White House implied Trump cares about Cohen's lies, but not Flynn's, because Cohen's directly implicated the president

The White House on Tuesday seemed to imply President Donald Trump does not care if people closely associated with him break the law by lying to the FBI, as long as the... Read more ...

Celebrities mourn the death of beloved actress and director Penny Marshall

Celebrities mourn the death of beloved actress and director Penny Marshall

Penny Marshall died Monday night from complications from diabetes at 75 years old. She was known for starring on "Laverne & Shirley" and directing films, including "A League of... Read more ...

ALAN GREENSPAN: The bull market is over and investors should 'run for cover'

ALAN GREENSPAN: The bull market is over and investors should 'run for cover'

Former Federal Reserve Chairman Alan Greenspan said in an interview with CNN that stock-market investors should "run for cover" amid the recent volatility. He also said that a... Read more ...

COO Sheryl Sandberg admits Facebook needs to 'do more' to protect civil rights

COO Sheryl Sandberg admits Facebook needs to 'do more' to protect civil rights

Civil rights groups are calling for Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg to resign from the company's board. The calls come after a new report detailed how... Read more ...

Trump Foundation Shutting Down Amid Allegations Money Used For Personal Benefit

Trump Foundation Shutting Down Amid Allegations Money Used For Personal Benefit

President Donald Trump has agreed to shut down his family's embattled Trump Foundation, following investigators' allegations the charity misused funds by directing them to Mr... Read more ...

SpaceX is reportedly raising $500 million with help from Tesla's largest...

SpaceX is reportedly raising $500 million with help from Tesla's largest shareholder

SpaceX is eyeing a $500 million funding round that values the company at more than $30 billion, the Wall Street Journal reports. Baillie Gifford, a century-old Scottish... Read more ...

The controversial engineer at the center of the Uber-Waymo case claims he...

The controversial engineer at the center of the Uber-Waymo case claims he drove across the country in a self-driving car

Anthony Levandowski , a former Uber engineer who was at the center of Waymo 's lawsuit against the company, told The Guardian that he drove across the country in a vehicle... Read more ...

The best men's wallets you can buy

The best men's wallets you can buy

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Whether you... Read more ...