Oil prices jump after OPEC+ inks supply compromise
Oil prices jumped around 2% on Friday, heading for a fifth week of gains, as major producers agreed on a compromise to continue some cuts to production to cope with coronavirus-hit demand even though these fell short of expectations.
Brent was up 93 cents, or 1.9%, at $49.64 a barrel by 0748 GMT after gaining around 1% on Thursday. West Texas Intermediate rose 76 cents, or 1.6%, to stand at $46.40 a barrel, having risen nearly 1% in the previous session.
