Oil Extends Gains as OPEC Says All Options Open on Re-Balancing - Bloomberg

Oil Extends Gains as OPEC Says All Options Open on Re-Balancing - Bloomberg:

"Oil extended gains as OPEC and its allies reiterated that all options are open to re-balance the market. December futures increased as much as 0.8 percent in New York. OPEC and its partners including Russia achieved a record-high level of compliance to output cuts during September, according to a statement Saturday from the committee responsible for monitoring the agreement. In the U.S., drillers reduced the rig count a third week to the lowest since June, according to Baker Hughes."



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