Saudi Arabia’s helping oil back to the verge of a bull market. Brent is nearing a 20 percent increase from its previous low, the common definition of a bull run, after tumbling into a bear market earlier this month. Saudi Energy Minister Khalid Al-Falih said Thursday that informal talks in September may lead to actions to stabilize the market, fueling a 13 percent surge over five sessions. Russia’s comments that it’s open to discussing an output freeze has added to Brent’s 19 percent gain since Aug. 2.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE