Oil prices climb after OPEC+ again delays phase-out of production cuts

Oil futures climbed Thursday after the Organization of the Petroleum Exporting Countries and its allies, as expected, agreed to further postpone a proposed unwinding of production cuts in the face of ample global supply and shaky demand from China.

Dec 5, 2024 - 07:45
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Oil prices climb after OPEC+ again delays phase-out of production cuts
Oil futures climbed Thursday after the Organization of the Petroleum Exporting Countries and its allies, as expected, agreed to further postpone a proposed unwinding of production cuts in the face of ample global supply and shaky demand from China.

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