By Pippa Stevens, CNBC •
Updated 3 hours ago
Andrey Rudakov | Bloomberg | Getty Images
Oil jumped to its highest level in nearly three years on Monday after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond.
West Texas Intermediate crude futures, the U.S. oil benchmark, advanced 1.56%, or $1.17, to $76.33 per barrel, its highest level since October 2018. International benchmark Brent crude rose 1.2%, or 93 cents, to $77.10 per barrel.
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Discussions began last week between OPEC and its allies, known as OPEC+, as the energy alliance sought to establish output policy for the remainder of the year. The group on Friday voted on a proposal that would have returned 400,000 barrels per day to the market each month from August through December, resulting in an
By Pippa Stevens, CNBC •
Updated 2 hours ago
Andrey Rudakov | Bloomberg | Getty Images
Oil jumped to its highest level in nearly three years on Monday after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond.
West Texas Intermediate crude futures, the U.S. oil benchmark, advanced 1.56%, or $1.17, to $76.33 per barrel, its highest level since October 2018. International benchmark Brent crude rose 1.2%, or 93 cents, to $77.10 per barrel. Don t miss local breaking news and weather. Download
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By Pippa Stevens, CNBC •
Updated 3 hours ago
Andrey Rudakov | Bloomberg | Getty Images
Oil jumped to its highest level in nearly three years on Monday after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond.
West Texas Intermediate crude futures, the U.S. oil benchmark, advanced 1.56%, or $1.17, to $76.33 per barrel, its highest level since October 2018. International benchmark Brent crude rose 1.2%, or 93 cents, to $77.10 per barrel.
Download our mobile app for iOS
to get alerts for local breaking news and weather.
Discussions began last week between OPEC and its allies, known as OPEC+, as the energy alliance sought to establish output policy for the remainder of the year. The group on Friday voted on a proposal that would have returned 400,000 barrels per day to the market each month from August through December, resulting in an additional 2 mil
By Pippa Stevens, CNBC •
Updated 17 mins ago
Andrey Rudakov | Bloomberg | Getty Images
Oil jumped to its highest level in nearly three years after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond.
On Tuesday, U.S. oil benchmark West Texas Intermediate crude futures advanced 2.06%, or $1.55, to $76.71 per barrel, its highest level since October 2018. International benchmark Brent crude rose 0.39%, or 30 cents, to $77.46 per barrel also at multi-year highs.
Download our NBC 7 mobile app for iOS or Android to get alerts for local breaking news and weather.
By Pippa Stevens, CNBC •
Updated 9 mins ago
Andrey Rudakov | Bloomberg | Getty Images
Oil jumped to its highest level in nearly three years after talks between OPEC and its oil-producing allies were postponed indefinitely, with the group failing to reach an agreement on production policy for August and beyond.
On Tuesday, U.S. oil benchmark West Texas Intermediate crude futures advanced 2.06%, or $1.55, to $76.71 per barrel, its highest level since October 2018. International benchmark Brent crude rose 0.39%, or 30 cents, to $77.46 per barrel also at multi-year highs. Download our mobile app for iOS or Android to get alerts for local breaking news and weather.