Oil extends gains above $44 on output freeze hopes

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Oil extends gains above $44 on output freeze hopes
15 August 2016, Lagos – Oil traded above $44 a barrel in Asia Monday, extending gains on hopes crude producers would agree to freeze output at a meeting next month, easing a stubborn global supply glut. Saudi Arabian oil minister Khalid al-Falih’s comments last week that producers could discuss action to stabilise markets lifted market […] More »

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