April 24, 2020
Source: Reuters

Oil prices rise over Kuwait's move to cut output before deal

Oil prices continued its upward journey in the international market on Friday, as oil producers like Kuwait indicated a swift output cut. Benchmark Brent crude rose 2.8%, at $21.93 per barrel. U.S. WTI crude climbed 4%, to $17.16 a barrel. Kuwaiti state news agency, KUNA yesterday said that the country will not wait for the official start of the OPEC+ deal and start cutting supplies to international markets right away.

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