Oil prices rally after Saudi Arabia's announcement

Source: Xinhua| 2017-10-11 03:13:29|Editor: huaxia
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NEW YORK, Oct. 10 (Xinhua) -- Oil prices extended gains on Tuesday, with U.S. crude posting best daily gain in two weeks, after Saudi Arabia said it would cut oil exports in November.

The West Texas Intermediate for November delivery increased 1.34 U.S. dollars to settle at 50.92 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery rose 0.82 dollars to close at 56.61 dollars a barrel on the London ICE Futures Exchange. Enditem

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