Uptrend: An oil well site near Tioga, North Dakota in the US. West Texas Intermediate futures fell 1% on Tuesday yet climbed 34% this year as Opec and its allies cut production and a trade deal between Washington and Beijing neared. — AFP
NEW YORK: Oil in New York capped its biggest annual increase since 2016, as Opec’s production cuts tempered supplies while a trade pact between the US and China buoyed the outlook for demand.
West Texas Intermediate futures fell 1% on Tuesday yet climbed 34% this year as Opec and its allies cut production and a trade deal between Washington and Beijing neared.
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