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Oil steadies on OPEC cuts, but oversupply fears persist

Reuters Monday, 1 July 2019
Oil prices steadied on Monday as OPEC extended supply cuts until March 2020 during a meeting in Vienna, but prices pared gains as oversupply worries continued to overshadow the market.
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News video: Oil prices jump as OPEC set to extend output cuts

Oil prices jump as OPEC set to extend output cuts 01:22

Oil prices jumped Monday morning as traders bet that producers&apos; club OPEC will extend curbs on production. Julian Satterthwaite reports.

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