Oil Prices Climb

OilOil prices continued to climb, with U.S. crude breaking through $50, helped by news of an informal meeting among the world’s biggest producers on output cuts and a surprise drop in U.S. crude stockpiles.

Brent crude rose 1.4 percent to $52.57 a barrel.

U.S. futures climbed 1.3 percent to $50.48 a barrel, eclipsing $50 for the first time since June.

Carol Maye, Readers Bureau, Fellow

Edited by Jesus Chan

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