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Oil rises after Russia says open to OPEC meeting

stander
stander
in Oil, Gas and Energy News

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LONDON (Feb 3): Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with OPEC over output cuts helped revive hope among investors that the world's largest producers could act to boost prices.

Russian Foreign Minister Sergei Lavrov said if there is consensus among the Organization of the Petroleum Exporting Countries and non-OPEC members to meet, "then we will meet".

http://www.theedgemarkets.com/en/article/oil-rises-after-russia-says-open-opec-meeting

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