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Oil Rises to 11-month High, Logs Weekly Gain on Saudi Output Cut

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Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin in Garden City, Texas, on Feb. 5, 2015. (Spencer Platt/Getty Images)

BY REUTERS

For the Epoch Times

NEW YORK—Oil prices hit their highest level in nearly a year on Friday, gaining 8 percent on the week, supported by Saudi Arabia’s pledge to cut output and strong gains in major equity markets.

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https://www.theepochtimes.com/oil-rises-to-11-month-high-logs-weekly-gain-on-saudi-output-cut_3650044.html

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