Wednesday, 07 December 2016 19:22
LONDON: Oil prices steadied on Wednesday as investors waited to see if
OPEC and Russia would deliver promised production cuts designed to end a supply
overhang that has weighed on the market for more than two years. North Sea Brent crude oil was up 10
cents a barrel at $54.03 by 0950 GMT. US light
crude was up 15 cents at $51.08 a barrel. Oil prices surged as much as 19 percent
after the Organization of the Petroleum Exporting Countries ...