Oil prices rise after Russia agrees to cut output

 Agencies

Oil prices rose again, having earlier recorded their lowest level since October 2017.

Brent crude was up 1.24% at $ 59.49 a barrel, while US WTI rose to $ 51.13 a barrel, up 1.67%.

The rise came after Russia became increasingly convinced of the need to cut production with OPEC.

Oil markets are eyeing the Vienna meeting, with most observers predicting that the meeting will result in a cut in output to keep supply from oversupply

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