ADVERTISEMENT

Oil holds $60 as anti-government protests in Iran provide support

WTI has rallied about 5% since OPEC producers and Russia announced the oil production cuts were extended through 2018.

  • Tuesday's bid has WTI trading up 0.63% at $60.48 a barrel, and at its best level since June 2015.
  • At least 20 people are dead and more than 450 have been detained since the protests began last week, according to the Associated Press.
  • WTI has rallied about 5% since OPEC producers and Russia announced the
  • A move above $62.58 will have WTI trading at its best level since December 2014.
ADVERTISEMENT

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Dangote refinery outranks Europe's 10 largest refining facilities

Dangote refinery outranks Europe's 10 largest refining facilities

Africa may just have the lowest level of cyber threats compared to other regions

Africa may just have the lowest level of cyber threats compared to other regions

A look into Kenya’s Shs1.1 billion climate funding from the UK

A look into Kenya’s Shs1.1 billion climate funding from the UK

FCMB: A corporate journey of resilience, evolution, and growth

FCMB: A corporate journey of resilience, evolution, and growth

Congo is spending 22% of its scarce revenue on security - Minister

Congo is spending 22% of its scarce revenue on security - Minister

Another African country is set to get a Russian embassy

Another African country is set to get a Russian embassy

Medic West Africa 2024: A resounding success in fostering collaboration and innovation for a brighter healthcare future

Medic West Africa 2024: A resounding success in fostering collaboration and innovation for a brighter healthcare future

10 African countries with the most troubling external debt in 2024

10 African countries with the most troubling external debt in 2024

10 African countries with the least soft power influence over the world

10 African countries with the least soft power influence over the world

ADVERTISEMENT