West Texas Intermediate crude oil has reclaimed the $50 level for the first time in a month. The energy component trades up 1.3% at $50 a barrel as of 9:31 a.m. ET.
ADVERTISEMENT
Oil is back above $50 for the first time in a month
West Texas Intermediate crude oil has reclaimed the $50 level.
ADVERTISEMENT
The energy component has rallied more than 14% over the past two weeks amid speculation OPEC producers would extend their production cuts into 2018.
On Monday, e
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Zap unveils Africa's first non-custodial exchange
The future of healthcare on display: Day 1 of Medlab West Africa wraps up
Nigeria suspends a Chinese business over discrimination charges
10 African countries with the greatest soft power influence over the world in 2024
List of the smartest African Cities in 2024
U.S. officials admit President Biden’s strategy for Africa is predictably failing
Egypt gets back its 3,400 old antique from Switzerland
Top 10 African countries that offer the most opportunities for prosperity