New Overnight Developments Abroad - Daily Update
Solidarity of Oil Producers Lifts Oil Prices by More Than 4.0%
December 12, 2016
The price of West Texas Intermediate crude oil leaped 4.2% to $53.68 per barrel. At a meeting on Saturday, the Saudis showed a readiness to cut production even more than agreed previously, and non-cartel producers are supporting the effort to reduce global output and lift the price of oil. This oil news has reinforced the […] More
