Oil climbs 2 percent; lifted by OPEC cuts, steadying stock market

07 January 2019, New York, London, Singapore — Oil prices climbed more than 2 percent on Monday, rebounding further from 1-1/2-year lows reached in December, on support from OPEC production cuts and steadying equities markets. Brent crude LCOc1 futures rose $1.13 to $58.19 a barrel, a 2 percent gain, as of 12:57 p.m. EST (1757 … More »