Brent Steadies, Set for Biggest First-Quarter Rise Since 2011

Brent crude oil steadied on Monday, on track for its strongest first quarter in eight years, thanks to a growing belief among investors that OPEC’s supply cuts will prevent a build-up in unused fuel, though concern over China’s economy offset gains.

Oil has risen nearly 25 percent so far this year and is on course for its strongest first-quarter performance since 2011, thanks largely to a commitment by the Organization of the Petroleum Exporting Countries and allies to cut output.
more at source: https://www.nytimes.com/reuters/2019/02/18/business/18reuters-global-oil.html

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