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Oil tops $55 for first time in 16 months as OPEC deal fuels buying - Reuters
Reuters | Oil tops $55 for first time in 16 months as OPEC deal fuels buying Reuters LONDON Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, as optimism spread about the prospect of a tightening market after OPEC members agreed on a landmark deal to cut production last week. Monday's gains ... OPEC-led bounce for oil prices starts to dissolve Oil Market Turns Upside Down as Shale Rushes to Hedge Post-OPEC Saudi Arabia discussed oil output cut with traders ahead of Opec |
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