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WTI oil price rallies above $60 per barrel on OPEC-Russia output deal

Oil price climbed above $60 for the first time since the end of May.

AFP | PTI  |  London 

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The WTI oil price jumped back above $60 per barrel on Monday after OPEC kingpin Saudi Arabia and non-cartel producer Russia said they would extend caps on crude output.

WTI, the New York benchmark, rallied to $60.13 per barrel around 06:50 GMT, climbing above $60 for the first time since the end of May.

First Published: Mon, July 01 2019. 13:15 IST
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