Saudi, Russia cutbacks buoy oil bulls, but respite from frackers won’t last
Saudi Arabia and Russia said they favour prolonging oil-output cuts by global producers through the end of the first quarter of 2018.
Saudi Arabia and Russia said they favour prolonging oil-output cuts by global producers through the end of the first quarter of 2018.
Oil extended losses to trade near $47 a barrel as the UK voted to leave the European Union, triggering a global flight from risky assets.