WTI oil rallies above $60 per barrel

WTI oil rallies above $60 per barrel

The WTI oil price jumped back above $60 per barrel today after OPEC kingpin Saudi Arabia and non-cartel producer Russia said they would extend caps on crude output.

WTI, the New York benchmark, rallied to $60.13 per barrel around 06:50 GMT, climbing above $60 for the first time since the end of May, AFP reported.

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