Oil up 1.5% as Saudi Arabia and Russia stick to supply cuts

<p>Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year.</p><p><a href="https://piqsuite.com/reuters/oil-up-15-as-saudi-arabia-and-russia-stick-to-supply-cuts" target="_blank" rel="nofollow">FULL STORY</a></p><p>Oil was rebounding after both benchmarks lost about 6% in the week to Nov. 3.</p><p>Saudi Arabia confirmed on Sunday it would continue with its additional voluntary cut of 1 million barrels per day (bpd) in December to keep output around 9 million bpd, a ministry of energy source said.</p>

This article was written by Ryan Paisey at www.forexlive.com.