While you were sleeping: Oil gains on deal

Mon, 05 Sep 2016

By Margreet Dietz Sept. 6 (BusinessDesk) - Oil jumped before giving up some of the gains as a deal between key producers Saudia Arabia and Russia stopped short of offering an actual limit on output. The US dollar slipped amid bets the Federal Reserve won’t hike rates this month. “Freezing production is one of the preferred possibilities," Saudi Energy Minister Khalid al-Falih said speaking alongside Russian counterpart Alexander Novak at the G20 summit in China, according to Reuters. "But it does not have to happen specifically today."...

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