While you were sleeping: Wall St, oil climb

Mon, 22 May 2017

By Margreet Dietz May 23 (BusinessDesk) - Wall Street and oil moved higher, following a weekend during which US President Donald Trump made few stumbles in his first overseas trip and major oil producers seemed to agree on extending a plan to curtail output. OPEC and its partners are expected to prolong an agreement to limit production when they gather this Thursday. "The decision [to extend cuts] seems to be almost a done deal," Bjarne Schieldrop, chief commodities analyst at SEB Markets, told Reuters. "There seems to be a very high...

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