Crude Oil Advances to Two-Week High as OPEC Plans Informal Talks

Updated on
  • Market on path to rebalancing, Qatar energy minister says
  • OPEC members will meet at Sept. industry conference in Algiers

Oil Gains as OPEC Plans Informal Talks

Oil rose to a two-week high after OPEC’s president said the group will hold informal talks in Algiers next month and predicted the current bear market would be short lived.

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