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Dow Jones hits new all-time high as Opec deal nears success

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America’s Dow Jones stock markets has hit a new record high as hopes rise once more that the Organisation of the Petroleum Exporting Countries (Opec) could agree to an output cut at its meeting in Vienna.

The group met on Wednesday to discuss terms of a potential deal to cut production for the first time in eight years in an effort to prop up prices that have fallen by more than half since 2014 due to oversupply.

The Dow Jones industrial average rose around 70 points shortlyat the start of trading in New York , hitting a new record intraday high, as Goldman Sachs and Chevron contributed the most gains.

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Muslim Global: Dow Jones hits new all-time high as Opec deal nears success
Dow Jones hits new all-time high as Opec deal nears success
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