Oil prices rose more than $1 a barrel on July 1 after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna.
Reuters: Oil jumps over 2 percent as Saudi Arabia, Russia back supply cuts
A worker checks a pipeline distribution point at the Rechitsa oil deposit some 320 kms southeast of Minsk, on Dec. 19, 2014.
