Oil climbed to an intraday high with OPEC and its allies expected to consider deeper production cuts when they meet this weekend, reports Yahoo.
A broad selloffWest Texas Intermediate rose as much as 2.1% to an intraday high of $77.84, reversing course after futures earlier dropped to the lowest since 2021. Protests over harsh anti-Covid measures erupted across the world’s largest crude importer over the weekend, spurring a broad selloff in commodities as the week opened.
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