Olivier Jakob

Oil Jumps 1.7 Percent, Adds To Year’s Gains Ahead of OPEC Cuts

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Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday. U. S. crude prices have surged 25 percent since mid-November, helped by expectations for OPEC’s supply cut and generally solid U.S. … Read more

Oil Pinned Near Three-Month Lows As Gloom Grows Over OPEC

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Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise victory in last week’s U. S. presidential election has boosted stocks and the dollar, but undermined much of the commodities … Read more