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Oil rises as markets pin hopes on OPEC cut

Wednesday, December 05, 2018 - 01:56

Saudi Arabia was seeking to persuade Russia on Wednesday to cut oil production substantially with OPEC next year in an attempt to arrest a decline in the price of crude and prevent another global glut. As David Pollard reports, OPEC holds policy talks on Thursday in Vienna, followed by a gathering with allies including Russia on Friday.

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Saudi Arabia was seeking to persuade Russia on Wednesday to cut oil production substantially with OPEC next year in an attempt to arrest a decline in the price of crude and prevent another global glut. As David Pollard reports, OPEC holds policy talks on Thursday in Vienna, followed by a gathering with allies including Russia on Friday.

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Oil rises as markets pin hopes on OPEC cut

Wednesday, December 05, 2018 - 01:56