While you were sleeping: Equities seeking direction

Wed, 24 Feb 2016

By Margreet Dietz Feb. 25 (BusinessDesk) - Oil volatility continues to drive sentiment with both Brent and US crude diving and then recovering as traders assessed the latest US inventory data, taking equities along for the ride. The gyrations came a day after Saudi Oil Minister Ali al-Naimi quashed hopes of a production cut, even as other countries are set to join the country’s deal with Russia to freeze production at January levels. “Al-Naimi's remarks punctured an oil price rally that has lacked substance," David Hufton of broker PV...

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