June 23, 2018 / 4:26 PM / 9 months ago

OPEC deal to raise oil production will 'rein in prices' - Algerian PM

Algerian Prime Minister Ahmed Ouyahia arrives to attend an international conference on Libya at the Elysee Palace in Paris, France, May 29, 2018. REUTERS/Philippe Wojazer

ALGIERS (Reuters) - An agreement by OPEC oil producers to raise crude output will “rein in prices”, Algerian Prime Minister Ahmed Ouyahia said on Saturday on television.

OPEC agreed to a modest rise in oil production from next month but the group gave no clear targets, leaving traders guessing how much more it will actually pump.

Reporting by Hamid Ould Ahmed; Writing by Ulf Laessing; Editing by Mark Potter

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