US crude rises 1 percent to 4-month high, supported by OPEC supply cuts [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
US crude rises 1 percent to 4-month high, supported by OPEC supply cuts Getty Images A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas. prices rose on Monday, supported by the prospect of prolonged OPEC-led oil supply curbs and signs of inventory declines at the delivery point for U.S. crude futures. OPEC and its allies met in Azerbaijan to monitor their crude supply reduction pact, where they said they would exceed commitments in the coming months. The group agreed to cancel their April meeting On Sunday, Saudi Arabia signaled the producers may need to extend the 1.2 million barrels per day of supply curbs past June into the second half of 2019. show chapters Helima Croft on the oil rally 8 Hours Ago | 03:58 "As long as the levels of inventories are rising and we are far from normal levels, we will stay the course, guiding the market towards balance," al-Falih said. West Texas Intermediate Brent crude "The chatter out of the OPEC meeting was suffici
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