Crude Oil Price Rises to $63 after Saudi Output Pledge

Ejiofor Alike with agency reports

Crude oil price rose yesterday to $63 per barrel after top exporter, Saudi Arabia, said it would cut crude exports and deliver an even deeper cut to its production.

While the global benchmark crude, brent crude rose by 77 cents at $63.19 per barrel, the US crude rose 53 cents to $53.63 per barrel.

The Organisation of the Petroleum Exporting Countries (OPEC)…

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