Oil Rises for First Time in Seven Days as Clinton Gets FBI Boost
- Equities rally after FBI reaffirms Clinton e-mails not a crime
- Pipeline operators near Cushing oil hub reopen after tremor
Saudi Arabia Holds Upper Hand as OPEC Seeks a Deal
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Oil rebounded amid a broader market rally driven by speculation Hillary Clinton’s chances of winning the U.S. election grew after the FBI said her handling of e-mails wasn’t a crime.
Futures advanced for the first time in seven sessions following the Federal Bureau of Investigation’s report. Global equities surged and the dollar rose against its peers. Russia, the world’s biggest energy producer, is “on board” with an OPEC agreement to limit crude oil production to help re-balance the market, according to OPEC Secretary General Mohammed Barkindo.