Oil rise after Iraq signals cut extension

by | September 20, 2017 11:03 am

Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a smaller-than-expected increase in U.S. inventries. U.S. West Texas Intermediate (WTI) crude futures were up 33 cents, or 0.6 percent, at $49.78…

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