Oil breaks through $60
THE PRICE of oil is rising as traders look for an OPEC-led production cut to be extended beyond its current expiry date of next March through the whole of 2018.
The international benchmark Brent opened above $60 per barrel on 30 October – close to its highest level since July 2015.
This could help make the dividends on offer from BP (BP.) and Royal Dutch Shell
(RDSB), currently yielding 5.9% and 6% respectively, more secure.