While you were sleeping: Hopes for oil deal

Tue, 26 Jan 2016

By Margreet Dietz Jan. 27 (BusinessDesk) - Better-than-expected earnings such as from 3M and Siemens as well as a rebound in oil prices helped bolster equities on both sides of the Atlantic. Oil prices surged amid optimism about the potential for a deal to reduce the global glut. Iraq’s oil minister said Saudi Arabia and Russia—the world’s top oil producers—are now more flexible about cooperating to curb output. “This flexibility should be finalised, and we should hear some solid suggestions coming from all parties,” Abdul Mahdi told r...

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