Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed U.S. crude stockpiles were down last week. Brent crude rose as much as nearly 1% to $54.09 a barrel, the highest since Feb. 26,…
Press Release From CNBC: Oil hits 11-month high after Saudi Arabia pledges voluntary output cut, 1/5/2021
