Oil gains as hopes grow Opec will keep a lid on output
Brent crude futures rise ahead of the Organization of the Petroleum Exporting Countries oil production meeting in December
15 November 2019 - 08:27
Tokyo — Oil prices rose on Friday as the outlook from the Organization of the Petroleum Exporting Countries (Opec) for oil demand in 2020 fuelled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output in December.
Optimism that the US and China could soon sign an agreement to end their trade war also seeped into the market after White House economic adviser Larry Kudlow said a deal was “getting close”, citing what he called very constructive discussions with Beijing...
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