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Latest Markets News
Oil jumps 2% on Saudi plan to deepen output cuts from July
The cut comes on top of a broader deal by OPEC and its allies, including Russia, to limit supply into 2024 as the group seeks to boost flagging oil prices.
- CommoditiesColumn: Saudi Arabia's solo play shows mess of oil market contradictions: Russell
Saudi Arabia's decision to deepen its crude oil production cuts, without matching contributions from its allies, underscores how the market is being skewed by a series of contradictory influences.
Morning Bid: Teed up for a bullish start to the week
It looks like the 'sell in May and go away' maxim won't apply this year.
Markets PerformanceOfficial Data Partner
|Brent Crude Oil||76.96||1.09%|
Rates & Bonds
|Euro STOXX 50||4,323.52||--|
Source: Refinitiv, an LSEG business - data delayed by at least 15 minutes