Offshore

Oil rallies toward USD 65 with Saudi supply gamble reverberating

With OPEC+ deciding not to ease its supply curbs, even as the global economy is on the mend, the oil price soars toward USD 65 per barrel.
Photo: Jonathan Nackstrand/AFP/Ritzau Scanpix
Photo: Jonathan Nackstrand/AFP/Ritzau Scanpix
BY SAKET SUNDRIA, BLOOMBERG

Oil headed toward USD 65 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the group would loosen the taps.

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