Oil prices moved higher yesterday amid reports that Saudi Arabia, Opec’s largest producer, cut the amount of crude it supplied last month.
ICE December Brent, the international oil marker, rose 1.9 per cent to $86.32 a barrel, while Nymex December West Texas Intermediate advanced 1.4 per cent to $81.74 a barrel.
The gains followed reports that the kingdom had supplied international and domestic markets with 9.36m barrels a day of crude last month, down from 9.68m in August.
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