Oil Rises for Fifth Week With OPEC+ Deal Uncertainty in Rearview
- Both WTI and Brent benchmarks close at fresh nine-month highs
- OPEC+ strikes deal this week to gradually ease cuts in 2021
This article is for subscribers only.
Oil rose for a fifth straight week with support from an OPEC+ deal and hopes for another round of U.S. stimulus.
Futures in New York and London closed at fresh nine-month highs on Friday, with signs that momentum is building toward a fiscal stimulus plan that could provide an immediate demand boost, before a vaccine is widely available.