Wednesday, 30 November 2016 20:53
LONDON: Oil prices rallied more than six percent Wednesday, pushing
European and US stocks higher as traders seized on hopes that OPEC could later
decide to cut crude output.Saudi Arabia's influential oil minister
Khaled al-Falih sounded an upbeat note that the Organization of the Petroleum
Exporting Countries -- which pumps about a third of global oil -- would
announce a deal to cut production.The comments boosted the global oil
market, long awash with crude, as ministers from the 14-nation cartel met ...