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OPEC leader Saudi Arabia, non-OPEC Russia agree on preliminary deal to extend oil cuts by month Updated: 2020-06-04 05:52:58 KST

Now for your closing market figures, and today we look at oil prices first.
Prices finished at a three-month high on Wednesday as traders wait for the next move from OPEC-plus.
This, as Saudi Arabia and Russia have reached a preliminary agreement to extend existing cuts by one-month, and the reductions are set to taper down to 7.7 million barrels starting in July.
At the close, Brent Crude was up point-6 percent while WTI tacked on over 1-percent to settle the day at 37-dollars 29-cents a barrel.
On Wall Street markets were also up despite civil unrest across the United States.
Dow Jones picked up a near 2-percent to 26-thousand 237 while the S&P 500 gained a near one-and-a-half percent.
The NASDAQ also advanced about a percent to close the day at 96-89.

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