Hope for deeper output cuts buoy oil
Brent crude futures rise 16c as Opec secretary-general says a decision will be taken in December on cuts to balance markets
Seoul — Oil prices climbed early on Friday, building on gains in the previous session, after the Organization of the Petroleum Exporting Countries (Opec) hinted at making deeper cuts in supply while optimism was revived over talks between the US and China to end their trade war.
International benchmark Brent crude futures were at $59.26 a barrel by 2.51am GMT, up 16c, or 0.3%, from their previous settlement. Brent settled up 1.3% at $59.10 a barrel on Thursday...