BLOOMBERG.COM
Oil rallied after the biggest two-day slump in a month as some OPEC members planned to meet with other producers next month to resume talks on capping production. Futures advanced as much as 2.3 percent in New York after falling 5.6 percent the previous two sessions, the biggest two-day slide since Feb. 11. Members of the Organization of Petroleum Exporting Countries and non-OPEC producers plan to meet on April 17 in Doha to discuss a proposal to freeze output, according to Qatar’s energy minister. Inventories expanded by 1.5 million barrels last week, the American Petroleum Institute was said to report. That’s the smallest reported increase by the API in four weeks.
Read more>
Oil rallied after the biggest two-day slump in a month as some OPEC members planned to meet with other producers next month to resume talks on capping production. Futures advanced as much as 2.3 percent in New York after falling 5.6 percent the previous two sessions, the biggest two-day slide since Feb. 11. Members of the Organization of Petroleum Exporting Countries and non-OPEC producers plan to meet on April 17 in Doha to discuss a proposal to freeze output, according to Qatar’s energy minister. Inventories expanded by 1.5 million barrels last week, the American Petroleum Institute was said to report. That’s the smallest reported increase by the API in four weeks.
Read more>