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Oil rises on optimism Opec+ supply curbs will stabilise market

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[NEW YORK] Oil edged higher on renewed optimism that announced production cuts from the Opec+ coalition will re-balance global markets, while Libya's biggest field remained shut, taking supply off line. Read more at The Business Times.

 

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Oil market likely to rebalance early 2019: OPEC ministersOil ministers from leading OPEC nations said Sunday they expect prices will arrest their recent slide and rebalance early next year, when a deal on new production cuts takes effect. Oil prices have shed more than 36 percent since early October to trade at $54 (47 euros) per barrel, due to fears of oversupply
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