By Alex Lawler LONDON (Reuters) – Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already squeezed by OPEC cuts and U.S. sanctions on Iran and Venezuela. Supply curbs led by the Organization of the Petroleum Exporting Countries have underpinned a more […]
By Tommy Wilkes LONDON (Reuters) – The Australian and Canadian dollars rose on Tuesday, aided by a surge in oil prices to five-month highs that lifted most commodity-linked currencies. Oil prices have rallied on expectations that global supplies would tighten due to fighting in Libya, OPEC-led cuts and U.S. sanctions against Iran and Venezuela, although […]
By Rania El Gamal and Stephen Kalin RIYADH (Reuters) – The Saudi energy minister said on Monday it was premature to say whether a consensus existed among OPEC and its allies to extend oil supply cuts, but a meeting next month would be key. A joint OPEC and non-OPEC ministerial committee known as the JMMC […]
