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Oil rises 1 percent on supply cuts, but economic slowdown weighs on outlook

Oil rises 1 percent on supply cuts, but economic slowdown weighs on outlook

The Mid­dle East-dom­i­nat­ed pro­duc­er club of the Orga­ni­za­tion of the Petro­le­um Export­ing Coun­tries (OPEC) and some non-OPEC allies, includ­ing Rus­sia, agreed in late 2018 to cut sup­ply to rein in a glob­al glut.
Source: CNBC RSS

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