Oil traded near the highest close in more than two years before OPEC meets this week to discuss extending supply cuts.
Futures slid 0.4 percent in New York after rising 1.6 percent Friday to the highest since June 2015. OPEC and Russia, a partner in the deal, have crafted the outline of an agreement to extend curbs to the end of next year, according to people involved in the conversations. In the U.S., drillers targeting crude added nine rigs last week, according to Baker Hughes.
Submitted November 27, 2017 at 01:20AM by ayoubafandy http://ift.tt/2BpHKbj
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