While you were sleeping: Oil boosts stocks

Mon, 10 Oct 2016

By Margreet Dietz Oct. 11 (BusinessDesk) - Equities on both sides of the Atlantic rose with the price of oil after Russia signalled it will join an agreement to curb oil output. Many oil producers outside OPEC have expressed a willingness to cooperate on output caps, said Saudi Arabia’s Energy and Industry Minister Khalid Al-Falih at an energy congress in Istanbul, according to Bloomberg. He added that he was “optimistic” there’ll be a deal that could lift prices as high as US$60 by year-end. "Russia is ready to join the joint measures...

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