Oil climbed $85 a barrel after Saudi Arabia said that the Organization of Petroleum Exporting Countries, OPEC+ alliance should maintain its cautious approach to managing global crude supplies given the threat to demand still posed by the pandemic. Global benchmark Brent was 0.2 per cent higher in early Asian trade following a run of seven consecutive weekly gains, the longest such streak since March. Saudi Arabia Energy Minister Prince Abdulaziz bin Salman told Bloomberg Television at the weekend that producers shouldn’t take the rise in prices for granted as similar…
Read MoreOil Price Hits New Peak, Surges Pass $85 per Barrel
