Markets

Oil prices rise after Middle East support to extend production cuts

An Iraqi worker operates valves at the Rumaila oil refinery, near the city of Basra. Iraq and Algeria signalled support to extend Opec production cuts, which has helped buoy oil majors on the FTSE 100
Kalyeena Makortoff
CRUDE oil prices climbed back over the US$50 after Iraq and Algeria signalled support to extend Opec production cuts, helping buoy oil majors on the FTSE 100. Brent crude surged 2.4 per cent to aro[...]

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