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Lodestar

(2,388 posts)
Thu Mar 17, 2016, 03:37 AM Mar 2016

Oil extends strong gains after supplier meeting agreed

Source: Reuters

Oil futures extended strong gains on Thursday, continuing to gather support after the world's biggest suppliers firmed up plans to meet to discuss an output freeze.

Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels, even if Iran declines to participate, OPEC sources said on Wednesday. A meeting would increase the likelihood of the first global supply deal in 15 years.

Read more: http://www.reuters.com/article/us-global-oil-idUSKCN0WJ01Y

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