Oil rises as Opec+ mulls extending output cuts


Brent crude futures rose US$1.12, or 1.4%, to US$83.65 a barrel, while US West Texas Intermediate crude futures (WTI) were up US$1.29, or 1.7%, at US$78.87.

HOUSTON: Oil prices rose more than US$1 a barrel on Tuesday as sources said Opec+ is considering extending voluntary oil output cuts into the second quarter to provide additional support.

Brent crude futures rose US$1.12, or 1.4%, to US$83.65 a barrel, while US West Texas Intermediate crude futures (WTI) were up US$1.29, or 1.7%, at US$78.87.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

Haily secures RM97.99mil construction contract st Setia Tropika, JB
Axiata rules out investments in India
Muhibbah Engineering bags RM700-RM850mil PETRONAS contract in Terengganu
Aneka Jaringan unit bags RM31.16mil substructure contract in Penang
Aeon Credit posts net profit jump to RM91.81mil in 3Q
Bursa Malaysia reverses earlier losses to close higher
Sunway Construction unit inks RM570mil data centre job from US-based tech firm
MMC Port, Nize Technology to develop transformation, smart port blueprint
Advancecon unit bags RM19.33mil earthworks job in Kuala Selangor
CTOS Digital units dispose of 26% stake in Experian Information Services for RM80mil

Others Also Read