Oil price rises by 8%
Respite appears to be on the way for Organisation of Petroleum Exporting Countries, OPEC, members as oil price yesterday rose by more than 8 percent to a five-week high following the decision to cut production by 1.2 million barrels per day. Crude prices, however, are unlikely to skyrocket in reaction to the deal, but will instead take measured steps higher, traders and analysts said. The post Oil price rises by 8%
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