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Oil price rises after news of Russian government's discussion of production cuts
[ENGLISH.ALARABIYA.NET] Oil prices reversed course and rose by 2% on Thursday after sources said Russia had accepted the need for cuts in production together with OPEC.Brent crude rose 51 cents to $59.27per barrel. It has slumped 21 percent this month, during which it fell to a 13-month trough of $58.41. Emerging market stocks hit a three-week high, with the index up 0.7 percent as investors bought back into risky assets. An index of emerging currencies surged 1.4 percent to a 10-day high. Posted by: Fred 2018-11-30 |
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