Oil Rallies With Producers Showing Confidence by Hiking Prices
- OPEC members Nigeria and Algeria boost official selling prices
- U.S. oil production to hit two-year low in June: Rystad Energy
Oil tankers sit anchored off the coast of Long Beach, California.
Photographer: Tim Rue/BloombergThis article is for subscribers only.
Sign up here to follow key developments in the oil crisis and get regular updates in your inbox.
Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.