Brent crude oil rises after producer supply cut, but outlook still weak:: (WWW.COMMODITY.GURU)

Brent crude oil rose on Monday after producer club OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January.

Despite this, the outlook for next year remains muted on the back of an economic slowdown.

International Brent crude oil futures were at $62.02 per barrel at 0601 GMT, up 35 cents, or 0.6 percent, from their last close.


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