Hopes of deal on Opec output cuts keeps oil near $32 a barrel
Thursday’s video conference meeting between Opec and allies including Russia is expected to be more successful than their gathering in March
08 April 2020 - 14:06
London — Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between Opec members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic.
Thursday's video conference meeting between Opec and allies including Russia is expected to be more successful than their gathering in March, which ended in a failure to extend supply cuts and a price war between Saudi Arabia and Russia...
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