Oil Pares Weekly Decline as Saudis Look to Dispel Russia Doubts - Bloomberg

Oil Pares Weekly Decline as Saudis Look to Dispel Russia Doubts - Bloomberg:

"Oil climbed, paring losses earlier this week, as Saudi Arabia moved to dispel doubts over Russia’s readiness to extend output curbs.

Futures rose 1.5 percent in New York, trimming the weekly decline to 1.4 percent, after Saudi Arabia’s Energy Minister Khalid Al-Falih said OPEC should announce an extension of output curbs when it meets on Nov. 30. Russia is said to be hesitant to commit to a decision so soon before the deal is set to end in March. U.S. crude output gained for a fourth week to the highest in more than three decades, according to government data on Wednesday."



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