Tag Archives: The Peninsula Newspaper

Oil Prices Rise over 2% on Russian Plan to Cut Output

Oil prices rose more than 2 percent on Friday as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel. Brent crude futures rose $1.89 to $86.39 a barrel. U.S. WTI crude futures rose $1.66 to $79.72. Brent posted …

Read More »