Oil prices rose Monday, as the market refocused on OPEC’s efforts to rebalance the market through crude output cuts. Brent crude, the global oil benchmark, was trading up 1.2% to $65.86 a barrel on London’s Intercontinental Exchange. West Texas Intermediate futures, the U.S. oil standard, were up 0.9% at $56.31 a barrel on the New York Mercantile Exchange. HIGHLIGHTSOPEC: The crude market recovered some of Friday afternoon’s losses at the start of the new week, with traders homing in on continued signs that the Organization...

Source: Wall Street Journal March 04, 2019 11:15 UTC