Both Brent and WTI crude oil benchmarks opened the year above $60 per barrel for the first time since January 2014.
US President Donald Trump opened his presidency with controversial remarks about "taking control" of Iraq's oil. He also moved to immediately roll back climate change initiatives. We explore how the fossil fuel industry views the Trump presidency.
Prices spike five percent following the oil organization's announcement. This is OPEC's first output limit in eight years.
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