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Crude oil futures jump higher at the week's open on Saudi output cut news

Eamonn Sheridan
04/06/2023 | 22:07 GMT

Adam had the news out of the OPEC+ meet meeting as it happened:

  • Saudi Arabia to make 1m bpd production cut, others to extend cuts through 2024

Oil futures are higher, of course, a rapid pop as short covered and a retrace of some of the move, but by no means all. Bets are now open for how long it'll take that gap to fill:

wti oil futures 05 June 2023 saudi cuts

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