Oil climbs closer to $60 on growth hopes and OPEC+ supply cuts ...News

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Oil climbs closer to $60 on growth hopes and OPEC+ supply cuts
source : Russia Today ( News ) () 10
Crude prices hit their highest level in over a year on Friday, closing in on $60 a barrel amid economic revival hopes and supply curbs by OPEC and allied producers. International benchmark Brent was up 1.1 percent, at $59.52 as of 14:25 GMT, after hitting its highest since February 20 last year at $59.75. US West Texas Intermediate crude also grew more than one percent to above $57 per barrel, its highest since January 22 last year. “The conditions still remain supportive for oil markets,” Jeffrey Halley, analyst at brokerage OANDA, was quoted as saying by Reuters. “Oil should find plenty of willing buyers on any material dip.” The las

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