Oil rises for a second day as Saudi Arabia pushes supply cut
Share:
TOKYO (Reuters) - Oil prices rose for a second day on Tuesday as Saudi Arabia, the de facto OPEC leader and the world's biggest oil exporter, is pushing producers to deepen a supply cut agreement when suppliers meet this week, potentially lowering supply in 2020. Brent futures rose 19 cents, or 0.3%, to $61.11 a barrel by 0218 GMT, after gaining 0.7% on Monday. U.S. West Texas Intermediate crude was up by 21 cents, or 0.4%, at $56.17 a barrel. The contract rose 1.4% on Monday.The Organization..