Oil surges 2.5 percent, soothes cyber nerves
Businessam Staff
May 15, 2017
A bounce in oil and other commodities prodded stock markets higher on Monday, cushioning the hit to sentiment from a successful missile test by North Korea and a cyber attack that locked 200,000 computers in more than 150 countries. In Europe, another victory for Angela Merkel’s conservatives in a regional election in Germany also helped […]
Oil rises after Saudis, Russia agree supply cut to be extended
Businessam StaffMay 15, 2017
Oil prices jumped 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and Russia jointly said that a crude production cut would be extended from the middle of this year until March 2018. Brent crude was at $51.58 per barrel at 0621 GMT, up 74 cents, or 1.46 […]