Oil prices rose on Thursday after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia to cut output over the next two months. Brent crude was up 20 cents, or 0.4%, at $54.50 a barrel at 0925 GMT. U.S. West Texas Intermediate (WTI) gained 33 cents, or 0.7% to $50.96. Saudi Arabia, the world’s biggest oil exporter, said it would voluntarily cut 1 million barrels per day (bpd) of output in February and March, after OPEC+, which groups the Organization of the Petroleum Exporting Countries and other producers, including Russia, met earlier this week. “WTI crude seems poised to rise higher as the […]