Oil rises after Saudi output pledge, declining U.S. inventories

14 February 2019, News Wires — Oil prices rose on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, and after an industry group reported a surprise decline in U.S. oil inventories. Brent crude, the global benchmark, was up $1.07, or 1.7 percent, at … More »