November 22, 2016 BY Valentina Kirilova

Oil jumps 4% reaching six-week high, dollar retraces

Last night, there was another rally in oil prices in anticipation of OPEC members reaching a freeze plan in a meeting next week. In recent days, several OPEC members including Iran, along with non-OPEC member Russia, have suggested they were leaning toward a deal to limit output. This becomes increasingly promising against a backdrop of…

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