Home > News

Product Categories

Oil keeps rising after OPEC output deal


Oil prices rose to some of their highest prices of the year Thursday,building on gains made after OPEC struck a long-sought agreement to reduce production by 1.2 million barrels a day.
U.S. crude futures briefly topped their one-year-high of $51.60,hit in October,before settling at $51.06 a barrel on the New York Mercantile exchange,up &1.62,or 3.28%,from Wednesday's close.Brent,the Global benchmark,gained $2.10,or 4.05%,to $53.94 a barrel--the highest settlement value since august 2015.