Oil prices rise to highest since November as Saudis, Russians extend output cuts through December

Oil futures settled Tuesday at their highest since November, shaking off an early decline, as prices found support in the wake of decisions by Saudi Arabia and Russia to extend their voluntary production cuts through the end of this year.

Prices for the commodity had been trading lower in early dealings, pressured after downbeat economic data from China raised worries about global demand.

Price action

Market drivers

Saudi…

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