Brent Oil Holds Near 2-Year High as Saudi Prince Backs OPEC Cuts - Bloomberg

Brent Oil Holds Near 2-Year High as Saudi Prince Backs OPEC Cuts - Bloomberg:

"Brent oil held gains near the highest level in more than two years as Saudi Arabia’s Crown Prince Mohammed bin Salman backed the extension of OPEC-led output cuts. Futures were little changed in London, up 2.7 percent for the week. The prince said Thursday that “of course” he wanted to prolong the curbs beyond the end of March 2018. At the same time, OPEC is negotiating an exit strategy to the deal in an effort to reassure investors the group won’t flood the market once the agreement finally expires, people familiar with the talks said this week."



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