SINGAPORE – Oil prices rose 1 percent on Jan. 18 after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply.
Reuters: Oil climbs 1 percent on OPEC output cut, hopes for easing China-US trade tensions
Pumping jacks are seen near Bakersfield, Califonia.
