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GRAPHIC-Brent near $60 as OPEC+ cuts tighten oil market

Brent crude prices are approaching $60 a barrel, a one-year high, driven in large part by OPEC+ cuts that are set to keep the oil market in deficit this year. ....

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Brent near $60 as OPEC+ cuts tighten oil market

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LONDON (Reuters) - Brent crude prices are approaching $60 a barrel, a one-year high, driven in large part by OPEC+ cuts that are set to keep the oil market in deficit this year.
FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic
The coronovirus pandemic ravaged oil demand as economies around the world had to shut down for extended periods of time to curb the spread of the virus.
But the oil market is on a bull run, despite renewed lockdowns in Europe and Asia to curb second and third waves of the virus. ....

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