Oil edges up before producer talks on output curbs

Oil edges up before producer talks on output curbs
 

Crude futures inched up on Wednesday, with investors waiting for talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.
Brent crude LCOc1 was up 9 cents at $52.50 a barrel at 0012 GMT. It fell 73 cents, or 1.4 percent, to close at $52.41 a barrel on Tuesday, retreating from a one-year high of $53.73 hit on Monday.
U.S. West Texas Intermediate (WTI) crude CLc1 had gained 3 cents to $50.82 a barrel. It dropped 56 cents, or 1 percent, to settle the previous session at $50.79.
Oil has rallied more than 13 percent in less than two weeks since... read more

 
12 October 2016 in Business, Views: 46
Source: Reuters
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