Oil prices rise on evidence that OPEC cutbacks to continueIran’s deputy oil minister says leading producers want to keep cuts going for at least a quarter beyond scheduled March 31 expiration Dave Carpenter AP Business Writer
Crude oil futures staged their first big rally of the year Jan. 11 on the New York Mercantile Exchange on the strongest sign yet that OPEC will extend production cutbacks that have tightened world supplies.
Oil prices surged after Iran’s deputy oil minister, Kazempour Ardebili, said leading produce....
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Cuts may extend beyond second quarter
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