Daily News Portal

Oil prices surge, markets narrow odds on Fed hike

Asian stock markets :Brent jumps over 6% as OPEC+ announces supply cutsNikkei edges up, but U.S. stock futures slipDollar gains as market sees more chance of May Fed hikeSYDNEY, April 3 (Reuters) - Oil prices surged on Monday after Saudi…

OPEC+ announces surprise oil output cuts

Unexpected move comes ahead of Monday ministerial meetingTotal OPEC+ cut pledges now stand at 3.66 million bpdOil could jump $10 a barrel - analystDUBAI, April 2 (Reuters) - Saudi Arabia and other OPEC+ oil producers on Sunday announced…