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Brent crude oil rises back to USD 60 per barrel

AFP  |  London 

crude climbed back to $60 per barrel on Wednesday, with cutting output and on easing concerns over weak demand growth.

Around 0940 GMT, Brent crude for delivery in March stood above $60 for the first time in 3.5 weeks and was up 20 percent compared with two weeks ago, prior to an cut by the Organization of the Petroleum Exporting Countries and non-cartel producers from January 1.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 15:55 IST