West Texas Intermediate futures traded near $76 a barrel and are up around 7 per cent this week
West Texas Intermediate held above $74 a barrel after futures sank almost 9 per cent in the prior three sessions to erase the year’s gains
West Texas Intermediate fell below $98 a barrel and has shed about 10 per cent so far this week
Brent oil has rallied more than 40 per cent this year as a strong rebound from the pandemic in the US, China and Europe underpins increasing fuel consumption
Members have decided to add 500,000bpd of production to the market next month, then hold monthly meetings to decide on subsequent moves
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