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US crude climbs 3.3% to 7-week closing high of $47.89 after Saudis vow to cut exports - CNBC
CNBC | US crude climbs 3.3% to 7-week closing high of $47.89 after Saudis vow to cut exports CNBC Oil prices rose for a second day after OPEC met to discuss a deal to limit output. Saudi Arabia vowed to limit its crude exports in August to almost 1 million barrels a day below year-ago levels. Barclays said OPEC's meeting aimed to divert attention ... Saudi Summer: Why Crude Oil is Rising Oil is flirting with its best close in almost 2 months Oil rallies 3 percent as US shale shows signs of slowdown |
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